12506 Kornblum Avenue, Hawthorne, California 90250, Hawthorne, 90250 - bed, bath
ACTIVE$1,190,000
12506 Kornblum Avenue, Hawthorne, California 90250
0Bed
0Bath
2,951Sqft
6,669Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Potential: Quadruplex configuration with diverse unit types (2-bed/1-bath, 1-bed/1-bath) offers multiple income streams and diversified rental risk for investors.
Top Cons:
Advanced Property Age: Built in 1941, the property is over 80 years old, suggesting potential for deferred maintenance, aging infrastructure, and higher capital expenditure requirements for systems and components.
Compared to the nearby listings
Price:$1.19M vs avg $965.0K (+$225,000)64%
Size:2,951 sqft vs avg 2,311.5 sqft79%
Price/sqft:$403 vs avg $44136%
More Insights
Built in 1941 (84 years old).
Condition: The property was built in 1941, making it over 80 years old. While the listing states that 'one unit has been extensively renovated,' and the images of the kitchen and bathroom from that unit show clean, functional, and updated basic finishes (laminate flooring, white shaker-style cabinets, basic countertops, subway tile shower surround), the condition of the other three units is not provided and is likely older. The exterior of the buildings and the cracked driveway indicate the property's age and suggest that while it is maintained and income-producing, it requires minor updates or repairs beyond the single renovated unit to achieve a consistent, higher quality across the entire quadruplex.
Year Built
1941
Close
-
List price
$1.19M
Original List price
$1.23M
Price/Sqft
$403
HOA
-
Days on market
-
Sold On
-
MLS number
PW25040305
Home ConditionFair
Features
View-
About this home
The property comprises a two-bed/one-bed front house with in-unit laundry and a rear triplex with one two-bed/one-bath unit and two one-bed/one-bath units The units are separately metered for gas and electricity, one unit has been extensively renovated, and the property also offers four tuck-under parking spaces with storage. 12506 Kornblum Avenue is proximate to major employers including the Hawthorne Airport, SpaceX, and conveniently near freeways. Current rents offer a new investor 19 percent rental upside.
Nearby schools
5/10
Kornblum School
Public,•K-5•0.2mi
5/10
Zela Davis School
Public,•K-5•0.6mi
5/10
Bennett/Kew Elementary School
Public,•K-5•0.6mi
4/10
Purche Avenue Elementary School
Public,•K-5•1.1mi
4/10
Cimarron Avenue Elementary School
Public,•K-5•1.4mi
5/10
Prairie Vista Middle School
Public,•6-8•0.8mi
6/10
Bud Carson Middle School
Public,•6-8•0.9mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•1.5mi
5/10
Leuzinger High School
Public,•9-12•1.5mi
2/10
Morningside High School
Public,•9-12•1.5mi
4/10
Lawndale High School
Public,•9-12•2.1mi
2/10
George Washington Preparatory High School
Public,•9-12•2.3mi
3/10
Gardena Senior High School
Public,•9-12•4.3mi
9/10
Middle College High School
Public,•9-12•5.3mi
Price History
Date
Event
Price
03/31/16
Sold
$700,000
09/03/10
Sold
$445,000
11/09/05
Sold
$700,000
Condition Rating
Fair
The property was built in 1941, making it over 80 years old. While the listing states that 'one unit has been extensively renovated,' and the images of the kitchen and bathroom from that unit show clean, functional, and updated basic finishes (laminate flooring, white shaker-style cabinets, basic countertops, subway tile shower surround), the condition of the other three units is not provided and is likely older. The exterior of the buildings and the cracked driveway indicate the property's age and suggest that while it is maintained and income-producing, it requires minor updates or repairs beyond the single renovated unit to achieve a consistent, higher quality across the entire quadruplex.
Pros & Cons
Pros
Multi-Unit Income Potential: Quadruplex configuration with diverse unit types (2-bed/1-bath, 1-bed/1-bath) offers multiple income streams and diversified rental risk for investors.
Significant Rental Upside: Explicitly noted 19% rental upside presents a clear value-add opportunity for investors to increase cash flow and optimize returns.
Strategic Location: Proximity to major employers like SpaceX and Hawthorne Airport, coupled with convenient freeway access, ensures strong tenant demand and desirability.
Tenant-Centric Features: Separately metered utilities for gas and electricity, along with four tuck-under parking spaces and storage, enhance tenant appeal and reduce landlord operating expenses.
Partial Modernization: One unit has undergone extensive renovation, providing a modern living space that can attract premium tenants and potentially serve as a model for future upgrades.
Cons
Advanced Property Age: Built in 1941, the property is over 80 years old, suggesting potential for deferred maintenance, aging infrastructure, and higher capital expenditure requirements for systems and components.
Inconsistent Unit Condition: While one unit is renovated, the condition of the other three units is not specified, implying potential for significant renovation costs to bring them to a similar standard and maximize overall rental income.
Recent Price Reduction: The property has undergone a price reduction from its original list price, which may indicate a longer time on market, initial overpricing, or a need for further market adjustments.