14024 Kornblum Ave

Hawthorne, CA 90250

$2,335,000
Last Sold Price
16
Beds
8
Baths
7,419 Sq. Ft.
$315 / Sq. Ft.
7,419
Sq. Ft.
$315
per Sq. Ft.

Description

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...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
  1. Listed by Jonathan Nikfarjam • DRE #01856803 • Brokerage DRE #01856803 • Shield CRE, Inc.

Property Details for 14024 Kornblum Avenue

Zoning
HAR4*
Cross Streets
Kornblum Avenue & Rosecrans Avenue
Parcel Number
4051020032
Total Units
8.0
Living Area
7419
Source Living Area
Estimated
Area
East Hawthorne (110)
Vacancy Rate
1
LISTING UPDATED: 10/27/2024 11:42 PM

Property Details for 14024 Kornblum Avenue

StatusSold
MLS #24-426617
Days on Market29
Taxes$29,062 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
Lot Size0.55 AC / 23,835 SF
CountyLos Angeles County

Location

Listing Courtesy of Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803

Sold By Sotheby's International Realty, Matilda Thomas, DRE #02149384

Add your commute

Building Information for 14024 Kornblum Avenue

Stories1Residences-Year Built1930Building Size-Lot Size0.55 AC / 23,835 SF

Payment Calculator

$14,656 per month

30 year fixed, 6.845% Interest

Principal and Interest

$12,234

Property Taxes

$2,422

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 14024 Kornblum Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 1
  • Number Of Buildings: 5
  • Type Of Units: 2 + 1
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $176,974
  • Net Operating Income: $124,347.00
  • Gross Income: $182,448
  • Cap Rate: 5.35%
  • Gross Rent Multiplier: $12.74
  • Actual Annual Gross Rent: $182,448.00
  • Actual Rent Total: $182,448.00
  • Vacancy Allow Dollar: $5,473.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 52627
Land / Lot Info
Land / Lot Info
  • Paved: Yes
  • Lot Acreage: 0.5473
  • Lot Size Square Feet: 23835
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 8
  • Garage Spaces Total: 8
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 08-12-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,732.00
  • Unit Actual Rent: $1,732.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,732.00
  • Unit Actual Rent: $1,732.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,790.00
  • Unit Actual Rent: $1,790.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,705.00
  • Unit Actual Rent: $1,705.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,595.00
  • Unit Actual Rent: $1,595.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,595.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,855.00
  • Unit Actual Rent: $1,855.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Number of Electric Meters: 8
  • Number of Gas Meters: 8
Tax and Assessed Info
Tax and Assessed Info
  • Tax Percent: 1.25%
  • Assessed Improvement Value: $565,561.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $848,344.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $1,413,905.00

Property History for 14024 Kornblum Avenue

DateEvent & SourcePriceAppreciation
Oct 25, 2024

Sold

CRMLS #24426617

$2,335,000—
Oct 25, 2024

Sold

CLAW #24-426617

$2,335,000—
Oct 16, 2024

Sold (Public Record)

Public Record #1543215293

$1,307,500

+0.8% / yr

Sep 10, 2024

Pending

CLAW #24-426617

—
Sep 10, 2024

Accepting Backup Offers

CRMLS #24426617

—
Sep 10, 2024

Accepting Backup Offers

CLAW #24-426617

—
Aug 12, 2024

Listed (Active)

CRMLS #24426617

$2,325,000—
Aug 12, 2024

Listed (Active)

CLAW #24-426617

$2,325,000—
Feb 20, 2014

Sold (Public Record)

Public Record #416661717

$1,200,000—
DateEvent & SourcePrice
10/25/2024

Sold

CRMLS #24426617

$2,335,000
10/25/2024

Sold

CLAW #24-426617

$2,335,000
10/16/2024

Sold (Public Record)

Public Record #1543215293

$1,307,500

+0.8% / yr

09/10/2024

Pending

CLAW #24-426617

—
09/10/2024

Accepting Backup Offers

CRMLS #24426617

—
09/10/2024

Accepting Backup Offers

CLAW #24-426617

—
08/12/2024

Listed (Active)

CRMLS #24426617

$2,325,000
08/12/2024

Listed (Active)

CLAW #24-426617

$2,325,000
02/20/2014

Sold (Public Record)

Public Record #416661717

$1,200,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14024 Kornblum Avenue

Taxable ValueLand$865,310Additions$576,872Total$1,442,182
Tax Record2024$20,382 ($1,699 / month)
Home Facts
Total Finished SqFt7,419 SqFtAbove Grade Finished SqFt7,419 SqFtLot Size23,835 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningHAR4*CountyLOS ANGELESAPN4051-020-032

Schools near 14024 Kornblum Avenue

This home is within Centinela Valley Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Zela Davis School
PublicK to 5

Bud Carson Middle School
Public6 to 8

Lawndale High School
Public9 to 12

Leuzinger High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.