14524 Condon Avenue, Lawndale, CA 90260

$1,350,000
3,615
SqFt
List Price
$1,350,000
Status
ACTIVE
MLS#
SB19061926
Year Built
1960
Living Sq. Ft
3,615
Lot Size
10,798
Acres
0.2479
Lot Location
2-5 Units/Acre
Days on Market
31
Property Type
Multifamily
Days on Market
14

Property Description

We are pleased to present this incredible investment property in Lawndale. Situated on a large 10,798 Sqft. lot are (4) 2-bed/1-bath bungalow-style units and (2) 2-car garages. Located just minutes from Manhattan Beach and Redondo Beach, this unique property offers tenants a single-family home experience with no common walls, garage parking, individual metering, and Washer/Dryer hookups in each unit. Two of the four units feature brand new roofing, installed in September 2017 and all plumbing has been updated to copper piping. The property is also located just 2 miles north of the approved $900M South Bay Galleria development, the biggest project in the history of Redondo Beach, slated for completion in 2023. The 29.85-acre site will center around a "family-friendly park, where residential, retail and office converge." The new development will feature 300 apartment units, a 150-room hotel, 50,000 square feet of office space, an 8,000 square-foot skate park, and a total of 249,723 square feet of public open space. This is an excellent opportunity for an investor and/or owner-user to acquire a unique income property in an area with limited inventory and inevitably rapid appreciation potential, with significant rental upside and no rent control! PLEASE DO NOT WALK PROPERTY OR DISTURB TENANTS! THEY ARE UNAWARE OF SALE.

Additional Information

Tract Number
856
Lot Description
Curbs, Sidewalks, Suburban
Pool Description
None
Garage Spaces Total
4
Sewer
Public Sewer
Water
Private
Attached Structure
Detached
Total Number of Units
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of John Stiegler II from Lyon Stahl Investment Real Estate, Inc.

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.