15003 Larch Ave - Apartments FOR SALE


Lawndale, CA 90260
$2,000,000 USD
310-701-2486
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
310-701-2486

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Carol Anne MillsKeller Williams LA HarborMore Info
310-701-2486

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