Lawndale Homes with Hotel/Motel Subtype

Welcome to Lawndale, California – a hidden gem nestled in the heart of Los Angeles County. This charming city boasts a vibrant community atmosphere, making it an ideal place for families, young professionals, and anyone seeking a welcoming environment. With its prime location just a few miles from the bustling beaches of the Pacific Coast and the iconic attractions of Los Angeles, Lawndale offers a perfect blend of suburban tranquility and urban convenience.

One of the unique features of Lawndale’s real estate market is the availability of homes with a hotel/motel subtype. These properties provide a distinctive opportunity for homeowners and investors alike. Imagine owning a property that not only serves as a comfortable residence but also has the potential to generate income through short-term rentals. With the rising popularity of vacation rentals, these homes can be a smart investment choice, allowing you to capitalize on Lawndale's proximity to major attractions while enjoying the benefits of homeownership.

The city is known for its well-maintained parks, excellent schools, and a diverse array of dining and shopping options. Residents enjoy a tight-knit community with regular events that foster connection and camaraderie. Whether you’re seeking a cozy bungalow or a larger property with rental potential, Lawndale's real estate market offers a variety of options to suit your needs.

Discover the charm of Lawndale and explore the possibilities that come with owning a home with a hotel/motel subtype. Embrace the vibrant lifestyle of this city while investing in a property that offers both comfort and opportunity. Your dream home awaits!

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

Start Your Search

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.