Lawndale Homes with Apartment Subtype

Welcome to Lawndale, California—a vibrant city nestled in the heart of Los Angeles County, where the sun shines bright and community spirit thrives. Known for its friendly atmosphere and diverse culture, Lawndale offers residents a unique blend of suburban charm and urban accessibility. With its strategic location just a stone's throw from the bustling city of Los Angeles, residents enjoy easy access to world-class dining, shopping, and entertainment, all while relishing the comforts of a close-knit community.

One of Lawndale's standout features is its variety of housing options, particularly homes with an apartment subtype. These residences cater to a range of lifestyles, whether you’re a first-time homebuyer seeking an investment opportunity or a growing family needing extra space. Homes with an apartment subtype in Lawndale not only provide the comfort of a traditional home but also the added benefit of rental income potential. Imagine living in a beautifully appointed home while having the ability to rent out a separate unit—an ideal scenario for those looking to supplement their income or accommodate extended family.

The real estate market in Lawndale is thriving, with properties that boast modern amenities, spacious layouts, and proximity to parks, schools, and public transportation. Whether you’re drawn to the charming residential streets or the vibrant community events, Lawndale is a place where you can truly feel at home. Explore the possibilities of living in this delightful city, where your dream home awaits!

Newest Lawndale 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

$2,150,000

DW26091167 MLS ⋅ Active Status

PRIME LOCATION | 7 UNITS | ADU POTENTIAL | VALUE-ADD OPPORTUNITY Welcome to 15917 Prairie Ave, a well-located multi-unit investment opportunity in the heart of Lawndale. This 7-unit property offers strong in-place income with additional upside, making it ideal for investors seeking both stability and future growth. Situated in a highly desirable rental area with close proximity to major freeways, employment centers, and the South Bay, this property benefits from consistent tenant demand and long-term appreciation potential. The property features a solid unit mix and presents a value-add opportunity with the potential to build a 2-bedroom ADU, allowing a new owner to increase cash flow and maximize the property’s full potential. Perfect for investors looking for: • Strong rental location with high demand • Long-term hold with appreciation upside • ADU development potential • Increased cash flow through expansion Whether you're looking to expand your portfolio or capitalize on added unit potential, this is a rare opportunity in a prime Lawndale location. Don’t miss out on this high-upside investment opportunity.

15917 Prairie, 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.