North Lawndale (112) Homes with Apartment Subtype

Welcome to North Lawndale, a hidden gem nestled in the vibrant city of Lawndale, California. This charming neighborhood is situated in the heart of Los Angeles County, offering residents a unique blend of suburban tranquility and urban convenience. With its tree-lined streets and friendly atmosphere, North Lawndale is perfect for families, young professionals, and anyone looking to experience the best of California living.

One of the standout features of North Lawndale is its diverse range of housing options, particularly the appealing homes with apartment subtypes. These residences provide an ideal solution for those seeking a comfortable living space while enjoying the benefits of community. Whether you're looking for a cozy one-bedroom apartment or a spacious multi-family home, North Lawndale has something to suit every lifestyle and budget.

Living in North Lawndale means you're just a stone's throw away from a variety of local amenities. From parks and recreational facilities to shopping centers and dining options, everything you need is conveniently located nearby. The community is well-connected to major highways and public transportation, making it easy to explore the greater Los Angeles area.

Additionally, North Lawndale boasts a rich cultural heritage, with a strong sense of community pride. Residents often come together for local events, fostering connections and friendships that make this neighborhood feel like home.

In North Lawndale, you’ll not only find a place to live but a vibrant community to thrive in. Come experience the charm of North Lawndale and discover your perfect 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

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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.