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.