15006 Kingsdale Ave - Apartments FOR SALE


Lawndale, CA 90260
$1,200,000 USD
310-880-2900
15006 Kingsdale Ave, Lawndale, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/5
null | 6.34% Cap Rate

15006 Kingsdale Ave
Lawndale, CA 90260


HIGHLIGHTS

  • • Prime Lawndale Location west of Hawthorne Blvd. – Minutes to Manhattan Beach and El Segundo
  • • Strong Current Income, 6.34% CAP & 9.98 GRM
  • • Newer Roof, Newer Slurry Coat on Driveway, Copper Plumbing
  • • Walk Score of 88 “Very Walkable”
  • • No Local Rent Control, Subject Only to SB 1482

OVERVIEW

OFFERS DUE BY: May 15th at 5:00 p.m. THANK YOU! Prime Lawndale location: 8-Unit Investment Opportunity located west of Hawthorne Boulevard and minutes from Manhattan Beach and El Segundo in a high-demand rental market. The property consists of eight studio units, equipped with a kitchen and 3/4 bathroom. The property delivers a strong current income with a 6.34% CAP rate (+Almost a 7% CAP without professional management)and a 9.98 GRM. Recent upgrades include a newer roof, fresh slurry coat on the driveway, and copper plumbing reducing future maintenance costs and enhancing long-term value. Ideally situated near major employment centers and retail destinations like Manhattan Beach Village, The Point in El Segundo, Costco, and Best Buy. The central location also enjoys proximity to LAX, El Segundo tech and aerospace hubs, and beachside communities. With easy access to the 405, 105, and 91 freeways, tenants enjoy many conveniences. With a Walk Score of 88, this location is considered “Very Walkable,” giving residents access to local shops, dining, and transit options. The property is not subject to local rent control and is governed only by California’s Tenant Protection Act SB 1482. 15006 Kingsdale presents a solid and stable asset in one of the South Bay’s desirable submarkets

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$625 USD /SF

# OF UNITS

8

PRICE/UNIT

$150,000

CAP RATE

6.34%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,027 SF

ZONING

LNR1YY

APN/PARCEL ID

4078-016-007

ASK ABOUT THIS PROPERTY

Mike McKinneyLyon Stahl Investment Real EstateMore Info
310-880-2900

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Mike McKinneyLyon Stahl Investment Real EstateMore Info
310-880-2900

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