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
1/48
null | 4.75% Cap Rate

15003 Larch Ave
Lawndale, CA 90260


HIGHLIGHTS

  • Prime redevelopment opportunity on a 0.49-acre lot in the heart of Lawndale, offering strong potential for multifamily development.
  • Currently improved with 16 studio units and one single-bedroom home, generating approximately $163,416 in annual income for immediate cash flow.
  • Zoned Medium Density Residential (R-2) with the ability to leverage AB 1287 density bonus, allowing up to 19 residential units
  • A professional due diligence report is available, confirming entitlement potential and guiding future permitting for developers.
  • Centrally located in Los Angeles County with convenient access to major thoroughfares, employment hubs, and essential amenities.
  • Rare opportunity to combine current income generation with long-term value creation through redevelopment in a high-demand market.

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 a $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, individual units set aside for affordable housing, delivering a projected income of $531,000 per year or more. Contact me for the Offering Memorandum and Due Diligence Report prepared by Elevated Entitlements.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$500 USD /SF

# OF UNITS

17

PRICE/UNIT

$117,647

CAP RATE

4.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

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

Carol Anne MillsKeller Williams LA HarborMore Info

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

Carol Anne MillsKeller Williams LA HarborMore Info

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