15917 Prairie Avenue

Lawndale, CA 90260

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,194 Sqft
  • 7010
    Sqft(Lot)
$1,900,000

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!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48007898

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1986
    • Building Area Total: 5,194

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1609
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7010

  • Listing Price Information

    • Original List Price: 1,900,000
    • Listing Contract Date: 2024-12-12

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4074025017

  • Garage and Parking

    • Garage Description: Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 113 - South Lawndale
    • Directions: 1 Parcel North of 160th St and Prairie Ave Across From Alondra Park Golf Course
    • Zoning: LNR4YY
    • Source Property Type: Residential Income
    • Area: 113 - South Lawndale
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 38
    • Common Walls: 2+ Common Walls
    • Structure Type: Mixed Use
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
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BuyOwner last updated this listing 12/21/2024 @ 23:19

  • MLS: PW24248772
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 5,194 sqft, 7,010 sized lot, and 15 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Lawndale , in zip code 90260, this Los Angeles County Home are nearby neighborhoods.