18
See all 18 photos
$1,900,000
Est. payment /mo
7,008 Sqft Lot
New
15917 Prairie AVE Lawndale, CA 90260
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UPDATED:
12/20/2024 01:09 AM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24248772
HOA Y/N No
Year Built 1986
Lot Size 7,008 Sqft
Property Description
15917 Prairie Ave is an excellent investment opportunity in the heart of Lawndale, featuring an 8-unit apartment building with a diverse unit mix. The property includes six 2-bedroom, 1-bathroom units, one 1-bedroom, 1-bathroom unit, and one studio unit, offering versatility for tenants and strong rental demand. Tenants will also benefit from ample parking, with 15 total garage spaces providing unmatched convenience.
This property presents significant upside potential, boasting an 8.02% market CAP rate and an 8.85 market GRM with potential to maximize income through eligible 8.9% rent increases for every unit, making it an attractive option for investors looking to maximize returns. Priced at $237,500 per unit and $271 per square foot, it offers exceptional value with room for growth. It also features a new roof that was replaced in 2024. Conveniently located right across the street from Alondra Park Golf Course, the property is situated in a desirable area that enhances its appeal for tenants.
Don't miss this chance to own a high-performing investment property in a prime Lawndale location with excellent long-term potential!
This property presents significant upside potential, boasting an 8.02% market CAP rate and an 8.85 market GRM with potential to maximize income through eligible 8.9% rent increases for every unit, making it an attractive option for investors looking to maximize returns. Priced at $237,500 per unit and $271 per square foot, it offers exceptional value with room for growth. It also features a new roof that was replaced in 2024. Conveniently located right across the street from Alondra Park Golf Course, the property is situated in a desirable area that enhances its appeal for tenants.
Don't miss this chance to own a high-performing investment property in a prime Lawndale location with excellent long-term potential!
Location
State CA
County Los Angeles
Area 113 - South Lawndale
Zoning LNR4YY
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Garage
Garage Spaces 15.0
Garage Description 15.0
Pool None
Community Features Biking
Total Parking Spaces 15
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4074025017
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Woody Stahl • Lyon Stahl Investment Real Est • woody@lyonstahl.com
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