15917 Prairie Avenue, Lawndale, CA 90260 (MLS # PW24248772)
Twitter
Facebook
Email
|
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 | 11 | 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 |
| ADDITIONAL DETAILS | |
| 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 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
Based on information from CRMLS as of 12/23/24 5:55 AM PST. The information being provided by CRMLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CRMLS. 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 2024.