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15003 Larch , Lawndale, CA 90260
Priced at Only: $2,000,000
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Address: 15003 Larch , Lawndale, CA 90260
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  • MLS#: SB26057243 ( Hotel/Motel )
  • Street Address: 15003 Larch
  • Viewed: 7
  • Price: $2,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1951
  • Bldg sqft: 0
  • Days On Market: 16
  • Additional Information
  • County: LOS ANGELES
  • City: Lawndale
  • Zipcode: 90260
  • Provided by: Keller Williams Realty
  • Contact: Carol Anne Carol Anne
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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 kitchen and baths and a 1 bedroom home, the property generates $13,618/month in income ($163,416 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, including 2 units set aside for affordable housing, delivering a projected income of $531,000 per year or more. A Property Due Diligence Report has been prepared by a professional entitlement company, confirming the sites development potential and guiding future permitting. This is a rare opportunity to earn income now while preparing to execute a lucrative development plan in a high demand Los Angeles County location. Opportunity awaits for investors and developers ready to maximize a rare SoCal development site. Ask for the Offering Memorandum and The Due Diligence Report that researched this property's highest and best use.
Features
Accountingtype
  1. Actual
Building Area Total
  1. 4001.00
Commoninterest
  1. None
Country
  1. US
Electric Expense
  1. 10800.00
Expense Year
  1. 2025
Insurance Expense
  1. 11178.00
Laundry Features
  1. Inside
Netoperatingincome
  1. 94998.00
Otherexpense
  1. 4800.00
Parcel Number
  1. 4077022016
Property Type
  1. Hotel/Motel
Water Sewer Expense
  1. 6720.00
Water Source
  1. Public
Year Built
  1. 1951
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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