North Lawndale (112) Homes with Hotel/Motel Subtype

Welcome to North Lawndale, a vibrant neighborhood nestled in the heart of Lawndale, California, located in the picturesque Los Angeles County. This charming area boasts a unique blend of suburban tranquility and urban convenience, making it an ideal place for families, professionals, and investors alike.

North Lawndale is characterized by its welcoming community atmosphere, where neighbors become friends and local businesses thrive. With its close proximity to major highways, residents enjoy easy access to the bustling cities of Los Angeles and Torrance, offering a wealth of shopping, dining, and entertainment options just a short drive away. Parks and recreational facilities abound, providing ample opportunities for outdoor activities and family fun.

For those considering a real estate investment, North Lawndale presents a unique opportunity with its homes that feature a hotel/motel subtype. These properties are perfect for investors looking to tap into the thriving short-term rental market or for those seeking a flexible living arrangement. Imagine owning a charming property that not only serves as a cozy home but also has the potential to generate income through vacation rentals.

The homes in this area showcase a variety of architectural styles, from classic California bungalows to modern designs, catering to diverse tastes and preferences. With a strong sense of community and a promising real estate market, North Lawndale is truly a hidden gem in Los Angeles County. Come explore the possibilities and discover why this neighborhood is the perfect place to call home or invest in your future!

Newest North Lawndale (112) 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.