Lawndale Homes with Apartment Subtype

Lawndale Homes with Apartment Subtype

Welcome to Lawndale, California – a vibrant gem nestled in the heart of Los Angeles County! Known for its friendly community and convenient location, Lawndale offers residents the perfect blend of suburban tranquility and urban accessibility. Just a stone's throw away from the bustling city of Los Angeles, this charming city boasts a rich tapestry of cultural diversity, excellent schools, and abundant recreational opportunities.

Lawndale is particularly appealing for those seeking homes with apartment subtypes. The housing market here features a variety of options, from cozy one-bedroom apartments to spacious multi-bedroom units, catering to both individuals and families alike. These homes are designed to offer modern amenities and comfortable living spaces, making them ideal for anyone looking to settle down in a welcoming community.

Residents can enjoy a variety of local parks, shopping centers, and dining options, ensuring that everything you need is just around the corner. The city is also conveniently located near major highways and public transportation, making commuting to Los Angeles and surrounding areas a breeze.

For families, Lawndale is home to several reputable schools and community programs, fostering a nurturing environment for children to grow and thrive. The area's commitment to community engagement and safety makes it a desirable place to call home.

Whether you're looking to invest in your first property or seeking a new place to call home, Lawndale's diverse selection of apartment-style homes provides the perfect opportunity to experience the best of California living. Discover the charm of Lawndale today!

Newest Lawndale Homes with Apartment Subtype

$1,799,000
SB26134259 MLS ⋅ Active Status
Prime Half-Acre Development Opportunity in Lawndale 0.49-Acre Lot | 6.89% Cap Rate | 10.04 GRM Located on approximately 0.49 acres in the City of Lawndale, this property offers an immediate income-producing opportunity with significant potential for future redevelopment. Current Use & Income: The property is currently operated as a rooming house/SRO (Single Room Occupancy), consisting of 16 rooms plus a separate one-bedroom house. The one-bedroom house has its own address at 15001, while the remaining units use the address 15003. The property currently generates approximately $14,965 per month in gross income, or $179,580 annually, providing immediate cash flow while allowing an investor to maintain the existing operation or explore future development options. Current investment metrics: Cap Rate: 6.79% GRM: 10.04 Gross Monthly Income: $14,965 Gross Annual Income: $179,580 Proposed Future Use: Multifamily Development: A professional Due Diligence/Best Use Report was commissioned to evaluate the property's redevelopment potential. According to the report prepared by Elevated Entitlements, the property presents a potential multifamily development opportunity. Based on the property's medium-density residential zoning and the potential application of AB 1287 density bonus provisions, the Due Diligence Report indicates the site may accommodate up to 19 residential units, including units designated as affordable housing. The report projects potential annual income of approximately $531,000 or more under the proposed multifamily development scenario. This creates the opportunity to acquire an income-producing property today while evaluating a potential transition to a higher-density residential use. Offering Memorandum and Due Diligence Report available upon request. Contact me for additional information and to review the materials prepared by Elevated Entitlements.

15003 Larch, Lawndale
$2,150,000
DW26091167 MLS ⋅ Active Status
PRIME LOCATION | 7 UNITS | ADU POTENTIAL | VALUE-ADD OPPORTUNITY Welcome to 15917 Prairie Ave, a well-located multi-unit investment opportunity in the heart of Lawndale. This 7-unit property offers strong in-place income with additional upside, making it ideal for investors seeking both stability and future growth. Situated in a highly desirable rental area with close proximity to major freeways, employment centers, and the South Bay, this property benefits from consistent tenant demand and long-term appreciation potential. The property features a solid unit mix and presents a value-add opportunity with the potential to build a 2-bedroom ADU, allowing a new owner to increase cash flow and maximize the property’s full potential. Perfect for investors looking for: • Strong rental location with high demand • Long-term hold with appreciation upside • ADU development potential • Increased cash flow through expansion Whether you're looking to expand your portfolio or capitalize on added unit potential, this is a rare opportunity in a prime Lawndale location. Don’t miss out on this high-upside investment opportunity.

15917 Prairie, Lawndale
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.