$1,799,000
( $449.64Per Sq Foot )
 $9,657 est/mo Sourced by Back At You

15003 Larch,Lawndale, CA 90260

Lawndale, CA 90260

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Description

New Cap rate of 7.85% and GRM of 10.04 with some rent adjustments in the current layout. Proposed Use: Multi-Family - Prime Development Opportunity in Lawndale- Half-Acre Lot Unlock the potential of this prime half-acre property in the heart of Lawndale, perfectly positioned for redevelopment. Currently configured with 16 studio units (with shared bathrooms/kitchen) and a 1-bedroom home, the property generates a $14,965/ month in income ($179,580 per year), providing immediate cash flow while you plan your next steps. With medium-density residential zoning combined with the AB 1287 density bonus, the site has the potential to accommodate up to 19 residential units, with individual units set aside for affordable housing, delivering a projected income of $531,000 per year or more. Contact me for the Offering Memorandum and Due Diligence Report prepared by Elevated Entitlements.

Details

MLS #SB26057243
Listing TypeFor Sale
StyleHotelmotel
Sub-TypeResale
StatusActive
Year1951
Days On Site175
Listing Provided ByKeller Williams Realty | Carol Anne Mills

Features

SQ Feet4,001
Story(s)2
Acreage0.49

Exterior

Lot FeaturesTwenty Six To Thirty Units Acre, Six To Ten Units Acre

Area Information

StateCA
CountyLos Angeles
CityLawndale
Zip Code90260
Area112 North Lawndale
Listing VS Median (in 90260)
Price:
$1,799,000
low | high
Med:
$893,944
100% of Average
sqft:
4,001
low | high
Med:
1,482
100% of Average
$ / sqft:
$450
low | high
Med:
$676
2% of Average
On site:
175
low | high
Med:
38
100% of Average
Sourced by Back At You

Market Activity 90260

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Contact

Learn More About This Property

Stephen Jacobs

Stephen Jacobs

Desert Lifestyle Properties

00927784Accredited Buyer Representative, Resort Certification, Green Designated (760) 413-0117stephen@withaph.com
StateCA
CountyLos Angeles
CityLawndale
Zip Code90260
Area112 North Lawndale
Listing VS Median (in 90260)
Price:
$1,799,000
low | high
Med:
$893,944
100% of Average
sqft:
4,001
low | high
Med:
1,482
100% of Average
$ / sqft:
$450
low | high
Med:
$676
2% of Average
On site:
175
low | high
Med:
38
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.349M - $2.248M
sqft: 3,000 - 5,000
Nearby Listings Property ImageNearby Listings Details
15003 Larch Property Photo 1
$1,799,000
15003 Larch
Lawndale, CA 90260
Listing Updated: August 21, 2026 at 11:08:12 PM PDT

Stephen Jacobs - Desert Lifestyle Properties