North Lawndale (112) Homes with Hotel/Motel Subtype

Welcome to North Lawndale, a vibrant neighborhood nestled in the heart of Los Angeles County, California. Known for its rich cultural tapestry and welcoming community spirit, North Lawndale offers a unique blend of suburban tranquility and urban convenience. This thriving area is characterized by its charming residential streets, local parks, and a variety of amenities that cater to both families and young professionals alike.

One of the standout features of North Lawndale is its diverse housing options, including homes with a hotel/motel subtype. These properties present an exciting opportunity for investors and homebuyers alike, offering the potential for both residential living and short-term rental income. With the rising popularity of vacation rentals, owning a home with a hotel/motel designation can be a lucrative venture in this bustling area.

Residents of North Lawndale enjoy easy access to an array of shopping, dining, and entertainment options. The neighborhood is well-connected to major transportation routes, making it a convenient base for commuting to Los Angeles and beyond. Additionally, the nearby beaches and recreational areas provide endless opportunities for outdoor activities, from relaxing by the ocean to exploring local parks.

Whether you’re looking to invest in a unique property or find a cozy home in a community that values connection and growth, North Lawndale has something to offer everyone. Explore the charm and potential of this remarkable neighborhood, and discover why it’s a fantastic place to call home or start your next investment journey!

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.