North Lawndale (112) Homes with Apartment Subtype

Welcome to North Lawndale, a hidden gem nestled in the heart of Los Angeles County, California. This vibrant community offers a delightful blend of suburban charm and urban convenience, making it an ideal place for families, young professionals, and anyone looking to embrace the California lifestyle.

North Lawndale boasts a rich tapestry of culture and history, with tree-lined streets and friendly neighbors that foster a strong sense of community. Residents enjoy easy access to various parks, recreational facilities, and local shops, ensuring that everything you need is just a stone's throw away. The area is well-connected to major highways and public transportation options, making commuting to nearby cities and attractions a breeze.

One of the standout features of North Lawndale is its diverse selection of homes, particularly those with an apartment subtype. These residences are perfect for individuals looking to balance space and affordability. Whether you're a first-time homebuyer or an investor seeking rental opportunities, you'll find a range of options that cater to your needs. Many of these homes offer modern amenities and spacious layouts, providing a comfortable living environment for you and your family.

The North Lawndale real estate market is thriving, with properties that not only reflect the area's unique character but also promise excellent potential for appreciation. If you're ready to discover your dream home in a community that feels like family, North Lawndale is waiting for you. Embrace the warmth and vitality of this remarkable neighborhood—your ideal home is just around the corner!

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.