15003 Larch, Lawndale, CA 90260
List Price: $1.8M
Listing Status: Active
Original List Price: $2M
0Days on Market: 85
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1951
Lot Size: 21,137 sq ft
MLS Number: SB26057243
About This Property
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 kitchen and baths 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. Ask for the Offering Memorandum and The Due Diligence Report that researched this property's highest and best use.
Listing provided by: Carol Anne Mills DRE #01336814 310-519-1080 camills@kw.com, Keller Williams Realty
Source: CRMLS, MLS #: SB26057243
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.