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Listed by Woody Stahl • Lyon Stahl Investment Real Est
$ 1,900,000
Est. payment /mo
Pending
15917 Prairie Avenue Lawndale, CA 90260
5,194 SqFt
UPDATED:
02/12/2025 09:51 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,194 sqft
Price per Sqft $365
MLS Listing ID CRPW24248772
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1986
Lot Size 7,010 Sqft
Property Sub-Type Other
Property Description
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!
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Water Public
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