North Lawndale (112) Homes with Apartment Subtype

Welcome to North Lawndale, a vibrant neighborhood nestled in the heart of Lawndale, California, within the sprawling Los Angeles County. This hidden gem is known for its welcoming atmosphere, diverse community, and convenient access to the best that Southern California has to offer. With its close proximity to the Pacific Coast, residents enjoy not only a suburban lifestyle but also the vibrant energy of nearby beaches, shopping, and entertainment hubs.

One of the standout features of North Lawndale is its unique housing options, particularly homes with an apartment subtype. These properties are perfect for those looking to maximize their investment potential or accommodate extended family living arrangements. Imagine owning a charming single-family home with a separate apartment unit, providing both privacy and additional rental income. This flexibility makes North Lawndale an attractive option for first-time homebuyers and seasoned investors alike.

The neighborhood boasts tree-lined streets, parks, and a strong sense of community, making it an ideal place for families. Local schools are well-regarded, and residents appreciate the variety of nearby amenities, including shopping centers, dining options, and recreational facilities. With easy access to major freeways and public transportation, commuting to Los Angeles or exploring the beautiful California coast is a breeze.

Whether you’re seeking a cozy residence or a lucrative investment opportunity, North Lawndale’s homes with apartment subtypes offer the perfect blend of comfort and potential. Discover the charm of this thriving community, and make North Lawndale your next home sweet home!

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.