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!
|
DAYS ON MARKET
|
29
|
LAST UPDATED
|
12/13/2024
|
|
YEAR BUILT
|
1986
|
COMMUNITY
|
South Lawndale
|
|
GARAGE SPACES
|
15.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AREA |
South Lawndale |
| GARAGE |
Garage, Yes |
| LOT |
7010 sq ft |
| LOT DESCRIPTION |
6-10 Units/Acre |
| PARKING |
Garage |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| WATER |
Public |
| ZONING |
LNR4YY |
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Listed with Lyon Stahl Investment Real Est
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 1/9/25 11:06 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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