Lawndale Homes with Hotel/Motel Subtype

Welcome to Lawndale, California – a hidden gem nestled in the heart of Los Angeles County! This vibrant city, known for its friendly atmosphere and diverse community, offers a unique blend of suburban charm and urban convenience. With its strategic location just a few miles from the bustling beaches of Manhattan and Hermosa, residents enjoy easy access to the sun, sand, and surf, while also being close to the cultural and entertainment hubs of Los Angeles.

Lawndale is a city that prides itself on its rich history and commitment to community. With well-maintained parks, a variety of shopping options, and a plethora of dining experiences, it’s no wonder that many are drawn to this delightful area. The local schools are highly regarded, making it an ideal place for families looking to settle down.

For those interested in investment opportunities, Lawndale features homes with a unique hotel/motel subtype. These properties present a fantastic chance for entrepreneurs or investors looking to tap into the thriving hospitality market. With the city's proximity to major attractions, such as the Los Angeles International Airport and the vibrant South Bay area, these homes can serve as lucrative short-term rentals or charming boutique accommodations.

Imagine owning a property that not only provides a cozy living space but also the potential for a steady income stream. Whether you’re looking to invest or find your dream home, Lawndale offers a perfect blend of opportunity and lifestyle. Come explore what this charming city has to offer and discover the possibilities waiting for you in Lawndale!

Newest Lawndale 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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