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.