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About This Home
This 0-bedroom, 0-bathroom commercial at 15003 Larch in Lawndale, CA is listed for $2,000,000 ($500 per sqft). Built in 1951, the home offers 4,001 sqft of living space on a N/A lot.
Prime Development Opportunity in Lawndale – Half Acre Lot
Unlock the potential of this prime half-acre property in the heart of Lawndale, perfectly positioned for redevelopment. Currently configured with 16 studio units with shared kitchen and baths and a 1-bedroom home, the property generates $13,618/month in income ($163,416 per year), providing immediate cash flow while you plan your next steps.
With Medium Density Residential zoning combined with the AB 1287 density bonus, the site has the potential to accommodate up to 19 residential units, including 2 units set aside for affordable housing, delivering a projected income of $531,000 per year or more.
A Property Due Diligence Report has been prepared by a professional entitlement company, confirming the site’s development potential and guiding future permitting. This is a rare opportunity to earn income now while preparing to execute a lucrative development plan in a high-demand Los Angeles County location. Opportunity awaits for investors and developers ready to maximize a rare SoCal development site. Ask for the Offering Memorandum and The Due Diligence Report that researched this property's highest and best use.
Key Features
- Built in 1951
Property Details
Monthly Cost Estimate
$10,696/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
15003 Larch
Lawndale, CA 90260
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 15003 Larch is listed at $2,000,000 ($500/sqft). The estimated monthly payment is $8,667 based on 20% down at 6.5% interest.
Key features include: Built in 1951.
This property is listed by Carol Anne Mills and can be reached at 3107012486 or camills@kw.com.
