North Lawndale (112) Homes with Apartment Subtype

Welcome to North Lawndale, a vibrant neighborhood nestled in the heart of Lawndale, California, within the picturesque Los Angeles County. This charming community is known for its warm, welcoming atmosphere and diverse culture, making it an ideal place for families, young professionals, and retirees alike.

North Lawndale boasts a rich tapestry of history and modern living, where tree-lined streets are complemented by a variety of local businesses, parks, and recreational facilities. Residents enjoy the convenience of nearby shopping centers, dining options, and easy access to public transportation, making commutes to downtown Los Angeles a breeze.

For those seeking a home in this delightful area, North Lawndale offers an impressive array of properties, particularly homes with apartment subtypes. These residences are perfect for multi-generational living or for those looking to generate rental income. With spacious layouts and modern amenities, these homes provide the ideal blend of comfort and functionality.

Imagine enjoying a cup of coffee on your patio while soaking in the California sun or hosting family gatherings in your expansive backyard. The homes in North Lawndale cater to a variety of lifestyles, ensuring that everyone can find their perfect sanctuary.

As you explore the neighborhood, you’ll discover a strong sense of community, with friendly neighbors and local events that foster connections. North Lawndale is not just a place to live; it’s a place to thrive. Come and experience the charm of North Lawndale, where your dream home awaits!

Newest North Lawndale (112) 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

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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.