Lawndale Homes with Hotel/Motel Subtype

Welcome to Lawndale, California – a hidden gem nestled in the heart of Los Angeles County. This vibrant city, known for its diverse community and welcoming atmosphere, offers a unique blend of suburban charm and urban convenience. With its close proximity to major highways and public transportation, residents enjoy easy access to the bustling energy of Los Angeles, while still relishing the tranquility of a tight-knit neighborhood.

Lawndale is a city rich in culture and recreational opportunities. Parks, shopping centers, and dining options abound, making it a perfect place for families and individuals alike. The city is also home to excellent schools and community programs, fostering a sense of belonging and pride among its residents.

For those interested in investment opportunities, Lawndale boasts a unique market for homes with hotel/motel subtypes. These properties offer a fantastic chance for investors looking to capitalize on the thriving tourism and hospitality sector of the greater Los Angeles area. Whether you’re considering a charming motel that can be transformed into a boutique hotel or a residential property with the potential for short-term rentals, Lawndale has options that cater to various investment strategies.

Imagine owning a piece of this dynamic city, where you can not only benefit from the local economy but also contribute to the vibrant community. With its rich history and promising future, Lawndale stands as a fantastic place to invest in real estate. Let us help you discover the perfect property that aligns with your vision and goals in this delightful corner of California!

Newest Lawndale Homes with Hotel/Motel Subtype

$1,799,000

SB26057243 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

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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.