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15003 Larch Ave
Lawndale, CA 90260

$2,000,000 USD

Apartments For Sale  •  4,001 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,001 SF
  • Lot Size 0.49 AC
  • Building Class C
  • Year Built 1951
  • Zoning LNR2YY
50 Transit Score
70 Walk Score

Highlights

Prime redevelopment opportunity on a 0.49-acre lot in the heart of Lawndale, offering strong potential for multifamily development.
Currently improved with 16 studio units and one single-bedroom home, generating approximately $163,416 in annual income for immediate cash flow.
Zoned Medium Density Residential (R-2) with the ability to leverage AB 1287 density bonus, allowing up to 19 residential units
A professional due diligence report is available, confirming entitlement potential and guiding future permitting for developers.
Centrally located in Los Angeles County with convenient access to major thoroughfares, employment hubs, and essential amenities.
Rare opportunity to combine current income generation with long-term value creation through redevelopment in a high-demand market.

Public Transportation

AirportDriveWalkDistance
Los Angeles International 13 min - 7.4 mi
Long Beach (Daugherty Field) 20 min - 14.3 mi
Bob Hope 44 min - 31.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Carol Anne Mills Keller Williams LA Harbor
Carol Anne Mills Keller Williams LA Harbor