15003 Larch Ave - Apartments FOR SALE


Lawndale, CA 90260
$2,000,000 USD
15003 Larch Ave, Lawndale, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/47
null | Request Cap Rate

15003 Larch Ave
Lawndale, CA 90260


HIGHLIGHTS

  • Fabulous redevelopment opportunity in a desirable neighborhood, perfectly positioned among commercial, mixed-use, and residential properties.

OVERVIEW

Proposed Use Multi-Family - Prime Development Opportunity in Lawndale – Half Acre Lot Unlock the potential of this prime half-acre property in the heart of Lawndale, perfectly positioned for redevelopment. Currently configured with 16 studio units (with shared bathrooms/kitchen) and a 1-bedroom home, the property generates $13,618/month in income ($163,416 per year), providing immediate cash flow while you plan your next steps. With Medium Density Residential zoning combined with the AB 1287 density bonus, the site has the potential to accommodate up to 19 residential units, including 2 units set aside for affordable housing, delivering a projected income of $531,000 per year or more. A Property Due Diligence Report has been prepared by a professional entitlement company, confirming the site’s development potential and guiding future permitting. This is a rare opportunity to earn income now while preparing to execute a lucrative development plan in a high-demand Los Angeles County location. Opportunity awaits for investors and developers ready to maximize a rare SoCal development site.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

17

PRICE/UNIT

$117,647

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

LNR2YY

APN/PARCEL ID

4077-022-016

ASK ABOUT THIS PROPERTY

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