12612 Kornblum Avenue presents a rare value-add opportunity in the high-demand rental market of Hawthorne, only subject to AB-1482. This 7-unit property features an attractive unit mix with an oversized 1,951 sq. ft. 3/2.5 Townhome-style owner's unit with washer and dryer hookups, and the potential to add ADU units. The current rents remain well below market—positioning the asset for significant income growth.
Investment Highlights:
• Desirable Unit Mix: One large 3-bed/2.5-bath townhouse-style unit with washer and dryer hookups and a private deck—ideal for repositioning or premium rental. Plus, Six 1-bed/1-bath units.
• ADU Potential: Explore the possibility of adding units through ADU conversion of existing space (buyer to verify).
• RUBS OPPORTUNITY: There is potential to further enhance yield with the implementation of a RUBS program for water, sewer, and trash. The property is individually metered for gas and electric.
• Under-Market Rents: Immediate upside through rent increases upon turnover or via AB 1482 allowable adjustments.
• Operational Upside: On-site laundry room is currently non-functioning but can be restored to create a new revenue stream.
• Parking Advantage: Dedicated carport parking for all units—a key amenity in the South Bay.
• Each unit has its own water heater, minimizing shared utility costs.
• Investor-Friendly Rent Control: Subject to AB 1482, allowing for structured annual rent increases (5% + CPI). This is a well-located, underutilized asset with multiple levers for value creation—from strategic unit turns to ADU development and amenity upgrades. Ideal for investors seeking yield in a supply-constrained rental market.
Listed by Mike Marcu
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License #00919594
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Mike Marcu, Broker
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949 688 1224
Last updated November 17, 2025
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Source: CRMLS #OC25170666
Listing Facts
TypeMulti-family
NeighborhoodEast Hawthorne
Days on Prevu135
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/29/2025
Status changed to Active
$1,890,000
10/22/2025
Status changed to Removed from Feed
$1,890,000
10/18/2025
Status changed to Active
$1,890,000
10/16/2025
Status changed to Removed from Feed
$1,890,000
10/05/2025
Status changed to Active
$1,890,000
10/05/2025
Price Decreased
$1,890,000
09/15/2025
Status changed to In Contract
$2,050,000
09/09/2025
Status changed to Active
$2,050,000
09/08/2025
Status changed to Removed from Feed
$2,050,000
09/07/2025
Status changed to Active
$2,050,000
09/06/2025
Status changed to Removed from Feed
$2,050,000
09/05/2025
Price Decreased
$2,050,000
09/05/2025
Status changed to Active
$2,300,000
09/04/2025
Status changed to Removed from Feed
$2,300,000
09/01/2025
Status changed to Active
$2,300,000
08/29/2025
Status changed to Removed from Feed
$2,300,000
08/04/2025
Status changed to Active
$2,300,000
08/03/2025
Status changed to Removed from Feed
$2,300,000
07/29/2025
Listed by Mike Marcu, Broker
$2,300,000
Property Details for 12612 Kornblum Avenue
Association
Amenities
Community Features: Urban
Exterior
Construction
Number Of Units Total: 7
Property Attached: Yes
Stories: 1
Stories Total: 3
Year Built: 1986
Common Walls: 2+ Common Walls
Entry Level: 2
Entry Location: 2
Measurements
Building Area Total: 5,319
Building Area Units: Square Feet
Lot Features: 16-20 Units/Acre
Lot Size Acres: 0.15
Lot Size Area: 6,669
Lot Size Source: Assessor
Lot Size Square Feet: 6,669
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 5.92
Operating Expense: $53,104.00
Taxes
Parcel Number: 4049014003
Other
Location
Tax Block: 11
Tax Lot: 3
Parking
Parking
Carport Spaces: 9
Carport: Yes
Parking Total: 9
Utilities
Equipment
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 12612 Kornblum Avenue.
Does this multi-family home have parking?
Yes, there are 9 parking spaces available for 12612 Kornblum Avenue.
How does 12612 Kornblum Avenue compare to other multi-family homes in East Hawthorne?
This multi-family home is listed 37% above the average price for multi-family homes in East Hawthorne and has been on the market for 66 more days than the typical home in this area.
12612 Kornblum Avenue is a -bedroom multi-family home for sale in Hawthorne CA 90250. Listed on Prevu for 135 days at $1,890,000. This includes a recent price decrease of $160,000. This home is located in East Hawthorne. The median listing price for multi-family homes in this area is $869,000. Additional amenities include parking. Browse more multi-family home listings in Hawthorne.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.