Residential Income – 15301 Prairie Ave, Lawndale, CA 90260, USA -001-11-30T00:00:00-08:00
This 11-unit apartment building is located in the heart of Lawndale, California. This is an opportunity to own a value-add asset in a high demand rental market with tremendous growth potential. Located Less than 2 miles away from the South Bay Galleria redev
15301 Prairie Ave, Lawndale, CA 90260, USA
$3,200,000 USD
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Address15301 Prairie Avenue, Lawndale
Price$3,200,000
Price Changed3.03% (-$100,000, 25 days ago)
Year Built1960
Bedrooms Total0
Lot Size (Sq.Ft.)11,557
Listing ID20568410
StatusActive
Parcel Number4076002019
ZoningLNR3YY
Special ConditionsStandard
Days on Market60

Detailed Description: This 11-unit apartment building is located in the heart of Lawndale, California. This is an opportunity to own a value-add asset in a high demand rental market with tremendous growth potential. Located Less than 2 miles away from the South Bay Galleria redevelopment project that will soon revitalize a nearly 30-acre property at the southwest corner of Artesia and Hawthorne Boulevards. The site will feature a 150-room hotel, 300 apartments, and an additional 217,000 sq. Ft. Of retail space and up to 175,000 sq. Ft. To be used for offices. The property consists of a desirable unit mix of (1) three-bedroom / two-bathroom, (1) three-bedroom / one-bathroom, (1) two-bedroom / two-bathroom, and (8) two-bedroom / one-bathroom units. Two-bedroom units in the immediate area are currently renting from $2,050 to $2,250. Two units to be delivered vacant.

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Senior Community

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Address Information
Address15301 Prairie Avenue, Lawndale
Street SuffixAvenue
CityLawndale
Location (MLS Area)112 – North Lawndale
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90260
Financial Information
Price Changed-3.0303%
Previous Price$3,300,000
Price per Lot Square Foot$276.89
Special ConditionsStandard
Total Expenses$71,372
Gross Operating Income$190,058
Gross Income$195,936
Net Operating Income$118,686
Gross Multiplier16.33%
Tax Year2000
Full Descriptions
Parcel Number4076002019
Detailed DescriptionThis 11-unit apartment building is located in the heart of Lawndale, California. This is an opportunity to own a value-add asset in a high demand rental market with tremendous growth potential. Located Less than 2 miles away from the South Bay Galleria redevelopment project that will soon revitalize a nearly 30-acre property at the southwest corner of Artesia and Hawthorne Boulevards. The site will feature a 150-room hotel, 300 apartments, and an additional 217,000 sq. Ft. Of retail space and up to 175,000 sq. Ft. To be used for offices. The property consists of a desirable unit mix of (1) three-bedroom / two-bathroom, (1) three-bedroom / one-bathroom, (1) two-bedroom / two-bathroom, and (8) two-bedroom / one-bathroom units. Two-bedroom units in the immediate area are currently renting from $2,050 to $2,250. Two units to be delivered vacant.
Parking FeaturesAssigned
Property parameters
Year Built1960
Lot Size (Sq.Ft.)11,557
Number of Buildings1
Number of Units Total11
ZoningLNR3YY
Stories Total2
Units Total11
Listed withDavid Harrington (Matthews Real Estate Investment Services)
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