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$1,095,000
Est. payment /mo
8 Beds
4 Baths
3,399 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,399 sqft
Price per Sqft $322
MLS Listing ID 25538919
Bedrooms 8
HOA Y/N No
Year Built 1957
Lot Size 0.270 Acres
Property Description
14036 Kornblum is the perfect deal for an ambitious developer, investor, or owner-user. This four unit property in Hawthorne sits on a large 11,779 square foot lot with R4 zoning. Just two properties south sits a similar sized lot with the blueprint for what may be possible! As the property is now, it consists of (1) 3 bedroom unit, (1) 2 Bedroom house, and (2) 2 bedroom apartment units. There is a tremendous amount ofupside in the property, in terms of rental upside as well as utilizing the land to it's highest and best use. Rents are approximately 254% under market, and an imaginative Buyer may see a creative solution in the unused lot space. The Hawthorne area has always been a traditionally strong rental market, and many companies such as SpaceX and Ring (bought by Amazon) have been steadily increasing their footprint in the area. 14036 Kornblum presents a terrific opportunity for many types of investors: either as a possible re-development, as a live-in investment in the standalone house, or simply capturing the tremendous upside by turning units.
Location
State CA
County Los Angeles
Area 110 - East Hawthorne
Zoning HAR4*
Interior
Heating Central
Cooling None
Fireplace No
Exterior
Attached Garage No
Total Parking Spaces 8
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4051019009
Special Listing Condition Standard
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Listed by Joshua Cohen • Keller Williams Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4465 Willshire Blvd. Ste. 104, Los Angeles, California, 90068, USA