# 15003 Larch, Lawndale, CA 90260

> **TL;DR:** 0bd/2ba multi-family, $1,799,000, built 1951. Est. $9,622/mo. Listed 68 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,799,000 |
| Bathrooms | 2 full |
| Year Built | 1951 |
| Lot Size | 21,135 sqft (0.49 acres) |
| Stories | 2 |
| Property Type | Multi-Family (Apartment) |
| Status | Active |
| Days on Market | 68 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $9,097 |
| Estimated Insurance | $525 |
| **Total** | **$9,622** |

## Property Highlights

- Built in 1951
- 0.49 acre lot
- 2 stories

## Description

### Agent Description
Prime Half-Acre Development Opportunity in Lawndale 0.49-Acre Lot | 6.89% Cap Rate | 10.04 GRM Located on approximately 0.49 acres in the City of Lawndale, this property offers an immediate income-producing opportunity with significant potential for future redevelopment. Current Use & Income: The property is currently operated as a rooming house/SRO (Single Room Occupancy), consisting of 16 rooms plus a separate one-bedroom house. The one-bedroom house has its own address at 15001, while the remaining units use the address 15003. The property currently generates approximately $14,965 per month in gross income, or $179,580 annually, providing immediate cash flow while allowing an investor to maintain the existing operation or explore future development options. Current investment metrics: Cap Rate: 6.79% GRM: 10.04 Gross Monthly Income: $14,965 Gross Annual Income: $179,580 Proposed Future Use: Multifamily Development: A professional Due Diligence/Best Use Report was commissioned to evaluate the property's redevelopment potential. According to the report prepared by Elevated Entitlements, the property presents a potential multifamily development opportunity. Based on the property's medium-density residential zoning and the potential application of AB 1287 density bonus provisions, the Due Diligence Report indicates the site may accommodate up to 19 residential units, including units designated as affordable housing. The report projects potential annual income of approximately $531,000 or more under the proposed multifamily development scenario. This creates the opportunity to acquire an income-producing property today while evaluating a potential transition to a higher-density residential use. Offering Memorandum and Due Diligence Report available upon request. Contact me for additional information and to review the materials prepared by Elevated Entitlements.

## Location

- **Address:** 15003 Larch, Lawndale, CA 90260
- **County:** Los Angeles
- **Coordinates:** 33.895423, -118.350841
- **Google Maps:** https://www.google.com/maps?q=33.895423,-118.350841

## Listing Agent

- **Name:** Carol Anne Mills · **License:** 01336814
- **Brokerage:** Keller Williams Realty - L.A. Harbor
- **Phone:** 3107012486
- **Broker Phone:** (310) 519-1080

## Photos

![15003 Larch - Photo 1](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f2637923367r.jpg)

![15003 Larch - Photo 2](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f255408833r.jpg)

![15003 Larch - Photo 3](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f3960895172r.jpg)

![15003 Larch - Photo 4](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f515400526r.jpg)

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![15003 Larch - Photo 7](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f3939550055r.jpg)

![15003 Larch - Photo 8](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f2020461082r.jpg)

![15003 Larch - Photo 9](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f1505162408r.jpg)

![15003 Larch - Photo 10](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f2851095894r.jpg)

![15003 Larch - Photo 11](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f984262532r.jpg)

![15003 Larch - Photo 12](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f3591839165r.jpg)

![15003 Larch - Photo 13](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f1044996985r.jpg)

![15003 Larch - Photo 14](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f3897553039r.jpg)

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![15003 Larch - Photo 17](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f173166517r.jpg)

![15003 Larch - Photo 18](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f227615243r.jpg)

![15003 Larch - Photo 19](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f3590517951r.jpg)

![15003 Larch - Photo 20](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f2016753357r.jpg)

![15003 Larch - Photo 21](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f3073098456r.jpg)

![15003 Larch - Photo 22](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f2884402785r.jpg)

![15003 Larch - Photo 23](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f361266952r.jpg)

![15003 Larch - Photo 24](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f87815531r.jpg)

![15003 Larch - Photo 25](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f3244591728r.jpg)

![15003 Larch - Photo 26](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f301574823r.jpg)

![15003 Larch - Photo 27](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f2947012781r.jpg)

![15003 Larch - Photo 28](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f3240269587r.jpg)

![15003 Larch - Photo 29](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f1980108671r.jpg)

![15003 Larch - Photo 30](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f3941228733r.jpg)

![15003 Larch - Photo 31](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f4095537933r.jpg)

![15003 Larch - Photo 32](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f2214066542r.jpg)

![15003 Larch - Photo 33](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f794618272r.jpg)

![15003 Larch - Photo 34](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f4141645403r.jpg)

![15003 Larch - Photo 35](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f3766889168r.jpg)

![15003 Larch - Photo 36](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f1521663484r.jpg)

![15003 Larch - Photo 37](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f580298701r.jpg)

![15003 Larch - Photo 38](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f3877031689r.jpg)

![15003 Larch - Photo 39](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f3313338823r.jpg)

![15003 Larch - Photo 40](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f3087740122r.jpg)

![15003 Larch - Photo 41](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f2333088931r.jpg)

![15003 Larch - Photo 42](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f2006538267r.jpg)

![15003 Larch - Photo 43](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f2160008002r.jpg)

![15003 Larch - Photo 44](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f3393997670r.jpg)

![15003 Larch - Photo 45](http://lh.rdcpix.com/6a3437387936b7731919b90beee86499l-f1493803633r.jpg)

---

**MLS#:** SB26134259 | **Updated:** 2026-09-22
**Source:** listhub

*Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/15003-larch-lawndale-ca-90260-26134259)

---

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    "@type": "Person",
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}
```