14808 Condon Ave - Apartments FOR SALE


Lawndale, CA 90260
$1,049,000 USD
310-379-4444
14808 Condon Ave, Lawndale, CA for Sale
$1,049,000 USD
Apartments - FOR SALE
1/7
null | 4.39% Cap Rate

14808 Condon Ave
Lawndale, CA 90260


OVERVIEW

A rare opportunity to purchase an ideally set up duplex at 14808 Condon Avenue in Lawndale. This property offers the perfect hybrid real estate purchase, offering the appeal as an investment property as a rent-yielding duplex, or a charming home offering the added incentive of rental income from a legal second unit. Rear unit can be delivered furnished, and has historically been operating as a high-producing AirBnB/short-term rental. The front house features 3 bedrooms, 1.5 baths, a laundry room, and a private enclosed yard, creating a backdrop for your pets to call home, or the perfect spot for hosting gatherings . There is also a driveway that can accommodate up to 4 cars, plus a 2-car garage. 2-car garage. The rear studio/1 bed unit impresses with chic finishes, a completely separate entrance, and its own private yard and parking. Both units have been thoughtfully updated, including a new electrical panel and sub-panel, renovated bathrooms, modern finishes, and a newer water heater. The front yard has a recently installed sprinkler system and fresh landscaping. This property is situated on a prime corner lot in North Lawndale, and the studio has it's own separate address and frontage on 148th St. 148th St is truly a hidden gem of Lawndale, a serene and peaceful cul-de-sac that only the locals know. This property is just blocks away from local schools, and offers convenient, quick access to Manhattan Beach and Redondo Beach, making it truly the ideal opportunity as an investment property, or a primary residence. Rarely do such properties hit the market. Posted figures are based on prior tenancy. Property is fully vacant now.

FOR SALE DETAILS

PRICE

$1,049,000 USD

PRICE/SF

$689 USD /SF

# OF UNITS

2

PRICE/UNIT

$524,500

CAP RATE

4.39%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,532 SF

ZONING

LNR2YY

APN/PARCEL ID

4078-010-022

ASK ABOUT THIS PROPERTY

Rodman AmiriMerit Real EstateMore Info
310-379-4444

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Rodman AmiriMerit Real EstateMore Info
310-379-4444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.