North Lawndale (112) Homes with Apartment Subtype

Welcome to North Lawndale, a vibrant and welcoming neighborhood nestled in the heart of Lawndale, California. Located in Los Angeles County, this charming area boasts a rich blend of cultural diversity, community spirit, and convenient amenities, making it an ideal place for families, young professionals, and anyone looking to enjoy the California lifestyle.

North Lawndale is characterized by its tree-lined streets, friendly atmosphere, and a variety of housing options. Among these, the homes with an apartment subtype stand out as a fantastic choice for those seeking flexibility and comfort. These properties often feature spacious layouts, modern amenities, and the potential for rental income, making them a smart investment for homeowners and investors alike. With the ability to live in one unit while renting out the other, these homes provide a unique opportunity to offset living expenses.

Residents of North Lawndale enjoy easy access to nearby parks, schools, and shopping centers, creating a well-rounded living experience. The community is known for its strong sense of belonging, with local events and gatherings that foster connections among neighbors. Additionally, with its proximity to major highways and public transportation options, commuting to downtown Los Angeles or the beautiful beaches of the coast is a breeze.

Whether you're searching for a cozy home to settle down in or an investment opportunity that offers both comfort and financial benefits, North Lawndale’s homes with an apartment subtype are an excellent choice. Discover the charm of this lovely neighborhood and make it your new home today!

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

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.