Under contract

Active Under Contract

14024 Kornblum Avenue

Hawthorne CA, 90250

$2,325,000


$313.38 per sqft

Under contract

Active Under Contract

16 Beds

8 Baths

7,419 sqft

Residential

Built in 1930

Listed by Jonathan Nikfarjam with Shield CRE, Inc. 310-593-9868

8 Single-Story Units on Massive 23,835-SF Lot | Outstanding Opportunity to Add 2 ADUs or Redevelop Property to a 16-Unit Apartment | 8.13% Pro-Forma Cap Rate & 9.33 Pro-Forma GRM | 5.35% Current Cap Rate & 12.74 Current GRM | All 2-Bedroom/1-Bathroom Units | Upgraded Electrical Subpanels Assumable Loan of Approximately $1,039,600 at 3.60% Fixed Until July of 2026 | Located Approximately 1 Mile from SpaceX & Tesla Design Center and 3 Miles from SoFi Stadium & Intuit Dome (NBA Clippers Arena) | Recently Painted Property with New Water-Efficient Landscaping | No Local Rent Control - Defaults to AB 1482 | Ample Outdoor Space & Garage Parking for Tenants | Strong Neighboring Employment: Space X, Tesla, & Aerospace Defense Companies

24426617

MLS ID

August 12, 2024

Listed

October 4, 2024

Updated

Map

14024 Kornblum Avenue
Hawthorne CA, 90250

Interior Features

Total Stories

1


Bedrooms

16


Total Bathrooms

8


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.55 Acres

Other Property Details

Area Name

110 - East Hawthorne


Days on Market

29


Garage

Yes


Garage Spaces

8


Parking

Garage


Parking Total

8


View

No


County

Los Angeles


Pool

No


Zoning

HAR4*

Listing History

Date

Event

Price

9/10/2024

Under contract

Listing Contact: 310-593-9869 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/4/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/4/2024 at 1:45 AM UTC

 

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