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$ 3,950,000
Est. payment | /mo
16 Beds
16 Baths
8,165 SqFt
$ 3,950,000
Est. payment | /mo
16 Beds
16 Baths
8,165 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,165 sqft
Price per Sqft $483
MLS Listing ID 26859087
Bedrooms 16
HOA Y/N No
Year Built 1959
Lot Size 0.331 Acres
Property Description
Prime South Bay Location: 16-unit apartment situated on a large 14,411-SF lot in a highly desirable Lawndale location, west of Hawthorne Boulevard, 2 blocks from South Bay Galleria and just 3 blocks from Redondo Beach. Exceptional ADU Potential: Large lot and ample parking areas present the opportunity to add up to 8 ADUs, including the potential to convert space above carport spaces into 2 new ADUs without eliminating any parking (Buyer to Verify). Strong Cash Flow & Rental Upside: 5.90% current cap rate and 10.67 GRM, with upside to a 6.64% pro-forma cap and 9.80 GRM, or a 6.52% current cap and 7.26% pro-forma cap with the implementation of RUBs. Recent Capital Improvements: Property features new main electrical, new electrical subpanels in each unit (2026), newer roof (2023), upgraded units, and recent exterior and landscaping improvements. Value-Add Utility Reimbursement Opportunity: Master-metered for gas and electricity, providing investors with the opportunity to implement RUBs to recapture utility expenses and improve operating efficiency. Favorable Property Attributes: On-site laundry facility, 16 parking spaces, and no local rent control (AB 1482 only).
Location
State CA
County Los Angeles
Area 113 - South Lawndale
Zoning LNR3PY
Interior
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Covered
Carport Spaces 16
Total Parking Spaces 16
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4081027033
Special Listing Condition Standard
Listed by Jonathan Nikfarjam Shield CRE, Inc. #01856803
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