15917 Prairie Avenue, Lawndale CA, 90260

Active

15917 Prairie Avenue

Lawndale CA, 90260

$1,900,000

$365.81 per sqft

Active

5,194 sqft

Multi-family

Built in 1986

Listed by Woody Stahl with Lyon Stahl Investment Real Est [email protected]

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!

PW24248772

MLSⓇ ID

December 12, 2024

Listed

December 22, 2024

Updated

Map

15917 Prairie Avenue
Lawndale CA, 90260

Interior Features

Total Stories: 2
Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.16 Acres
Lot Features: 6-10 Units/Acre
Sewer: Public Sewer

Other Property Details

Area Name: 113 - South Lawndale
Days on Market: 7
Garage: Yes
Garage Spaces: 15
Parking: Garage
Parking Total: 15
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: LNR4YY

Listing Contact: 310-425-9838

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 12/22/2024 at 1:18 AM UTC