North Lawndale (112) Homes with Apartment Subtype

Welcome to North Lawndale, a vibrant and welcoming neighborhood nestled in the heart of Los Angeles County, California. Known for its diverse community and rich cultural heritage, North Lawndale offers a unique blend of suburban charm and urban convenience, making it an ideal place for families, young professionals, and retirees alike.

This flourishing area is characterized by its tree-lined streets, friendly neighbors, and a variety of local amenities. Residents enjoy easy access to parks, schools, and shopping centers, ensuring that all your daily needs are just a stone's throw away. The neighborhood is well-connected to public transportation, making it easy to explore the greater Los Angeles area, including nearby beaches and entertainment hubs.

When it comes to real estate, North Lawndale is particularly known for its charming homes with apartment subtypes, providing a fantastic opportunity for both homeowners and investors. These versatile properties often feature spacious layouts, modern amenities, and private outdoor spaces, perfect for relaxing or entertaining. Whether you’re looking for a cozy two-bedroom apartment or a larger multi-family home, North Lawndale has something to suit every lifestyle.

In addition to the appealing housing options, the community is enriched by a variety of local events, farmers' markets, and cultural festivals, fostering a strong sense of belonging among residents. With its affordable housing market and vibrant atmosphere, North Lawndale is not just a place to live; it’s a place to thrive. Come discover the charm and opportunities that await you in this delightful Los Angeles neighborhood!

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.