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15003 Larch Ave 17 Unit Apartment Building $1,799,000 ($105,824/Unit) 7.85% Cap Rate Lawndale, CA 90260
Investment Highlights
- Prime redevelopment opportunity on a 0.49-acre lot in the heart of Lawndale, offering strong potential for multifamily development.
- Zoned Medium Density Residential (R-2) with the ability to leverage AB 1287 density bonus, allowing up to 19 residential units
- Centrally located in Los Angeles County with convenient access to major thoroughfares, employment hubs, and essential amenities.
- Currently improved with 16 studio units and one single-bedroom home, generating approximately $179,580 in annual income for immediate cash flow.
- A professional due diligence report is available, confirming entitlement potential and guiding future permitting for developers.
- Rare opportunity to combine current income generation with long-term value creation through redevelopment in a high-demand market.
Executive Summary
New Cap rate of 7.85% and GRM of 10.04 with some rent adjustments in the current layout.
Proposed Use: Multi-Family - Prime Development Opportunity in Lawndale- Half-Acre Lot
Unlock the potential of this prime half-acre property in the heart of Lawndale, perfectly positioned for redevelopment. Currently configured with 16 studio units (with shared bathrooms/kitchen) and a 1-bedroom home, the property generates a $14,965/ month in income ($179,580 per year), providing immediate cash flow while you plan your next steps.
With medium-density residential zoning combined with the AB 1287 density bonus, the site has the potential to accommodate up to 19 residential units, with individual units set aside for affordable housing, delivering a projected income of $531,000 per year or more. Contact me for the Offering Memorandum and Due Diligence Report prepared by Elevated Entitlements.
Proposed Use: Multi-Family - Prime Development Opportunity in Lawndale- Half-Acre Lot
Unlock the potential of this prime half-acre property in the heart of Lawndale, perfectly positioned for redevelopment. Currently configured with 16 studio units (with shared bathrooms/kitchen) and a 1-bedroom home, the property generates a $14,965/ month in income ($179,580 per year), providing immediate cash flow while you plan your next steps.
With medium-density residential zoning combined with the AB 1287 density bonus, the site has the potential to accommodate up to 19 residential units, with individual units set aside for affordable housing, delivering a projected income of $531,000 per year or more. Contact me for the Offering Memorandum and Due Diligence Report prepared by Elevated Entitlements.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 17 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4077-022-016 | Total Assessment | $108,093 (2025) |
| Land Assessment | $65,346 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $42,747 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
4077-022-016
Land Assessment
$65,346 (2025)
Improvements Assessment
$42,747 (2025)
Total Assessment
$108,093 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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15003 Larch Ave