15003 Larch, Lawndale, CA 90260
List Price: $1.8M
Listing Status: Active
Original List Price: $2M
0Days on Market: 134
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1951
Lot Size: 21,137 sq ft
MLS Number: SB26057243
About This Property
New Cap rate of 7.85% and GRM of 10.04 with some rent adjustments in the current layout. 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 $14,965/ month in income ($179,580 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, with 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.
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.