15301 PRAIRIE Avenue, Lawndale, CA 90260

$2,850,000
List Price
$2,850,000
Price Change
▼ $150,000 1601974757
Status
ACTIVE
MLS#
20568410
Year Built
1960
Lot Size
11,557
Days on Market
209
Property Type
Multifamily

Property Description

This 11-unit apartment building is located in the heart of Lawndale, California. This is an opportunity to own a value-add asset in a high demand rental market with tremendous growth potential. Located Less than 2 miles away from the South Bay Galleria redevelopment project that will soon revitalize a nearly 30-acre property at the southwest corner of Artesia and Hawthorne Boulevards. The site will feature a 150-room hotel, 300 apartments, and an additional 217,000 sq. ft. of retail space and up to 175,000 sq. ft. to be used for offices. The property consists of a desirable unit mix of (1) three-bedroom/two-bathroom, (1) three-bedroom/one-bathroom, (1) two-bedroom/two-bathroom, and (8) two-bedroom/one-bathroom units. Two-bedroom units in the immediate area are currently renting from $2,050 to $2,250.

Additional Information

Lot Description
24 Hour Security, Card/Code Access, Gated Community, Guarded
Number Of Units Total
11
Unit One Total Units
8
Unit One Beds
2
Unit One Baths
1
Unit One Actual Rent
1364.00
Unit One Total Rent
10908.00
Unit One Pro Forma
16400
Unit One Furnished
Unfurnished
Unit Two Total Units
1
Unit Two Beds
2
Unit Two Baths
2
Unit Two Actual Rent
1800.00
Unit Two Total Rent
1800.00
Unit Two Pro Forma
2150
Unit Two Furnished
Unfurnished
Unit Three Total Units
1
Unit Three Beds
3
Unit Three Baths
1
Unit Three Actual Rent
1458.00
Unit Three Total Rent
1458.00
Unit Three Pro Forma
2450
Unit Three Furnished
Unfurnished
Unit Four Total Units
1
Unit Four Beds
3
Unit Four Baths
2
Unit Four Actual Rent
1512.00
Unit Four Total Rent
1512.00
Unit Four Pro Forma
2600
Unit Four Furnished
Unfurnished

Mortgage Calculator

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Listing courtesy of David Harrington from Matthews Real Estate Investment Services

Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.