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4724 W 173rd St 4 Unit Apartment Building Offered at $1,900,000 at a 5.01% Cap Rate Lawndale, CA 90260
Investment Highlights
- Well maintained, recently updated
- Centrally located
- Spacious units
Executive Summary
Excellent value-add investment opportunity in centrally located South Lawndale, currently operating at a 5% CAP rate. Exceptionally well-maintained Fourplex consisting of four 2-bedroom, 2-bathroom very spacious units. The two front units feature two-story layouts, while the rear units are single-level upstairs units. The property includes eight parking spaces in a rear carport with alley access, and a community coin-operated laundry room for additional income. Most of the units are fully remodeled. Recent capital improvements include new flooring in all the units and updated kitchens in three of the units, enhancing tenant demand and long-term performance. Ideally located within walking distance to South Bay Galleria, restaurants, parks, schools, and the planned Metro Line extension, supporting strong rental stability and future appreciation.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$132,940
|
$29.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$132,940
|
$29.75
|
| Taxes |
$22,000
|
$4.92
|
| Operating Expenses |
$15,689
|
$3.51
|
| Total Expenses |
$37,689
|
$8.43
|
| Net Operating Income |
$95,251
|
$21.31
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $132,940 |
| Annual Per SF | $29.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $132,940 |
| Annual Per SF | $29.75 |
| Taxes | |
|---|---|
| Annual | $22,000 |
| Annual Per SF | $4.92 |
| Operating Expenses | |
|---|---|
| Annual | $15,689 |
| Annual Per SF | $3.51 |
| Total Expenses | |
|---|---|
| Annual | $37,689 |
| Annual Per SF | $8.43 |
| Net Operating Income | |
|---|---|
| Annual | $95,251 |
| Annual Per SF | $21.31 |
Property Facts
| Price | $1,900,000 | Lot Size | 0.13 AC |
| Price Per Unit | $475,000 | Building Size | 4,469 SF |
| Sale Type | Investment | Average Occupancy | 75% |
| Cap Rate | 5.01% | No. Stories | 2 |
| Gross Rent Multiplier | 14.3 | Year Built/Renovated | 1986/2023 |
| No. Units | 4 | Parking Ratio | 1.79/1,000 SF |
| Property Type | Multifamily | ||
| Zoning | LNR3PY | ||
| Price | $1,900,000 |
| Price Per Unit | $475,000 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Gross Rent Multiplier | 14.3 |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.13 AC |
| Building Size | 4,469 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2023 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | LNR3PY |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $3,148 | 1,117 |
| 2+2 | 1 | $2,875 | 1,117 |
| 2+2 | 1 | $2,700 | 1,117 |
| 2+2 | 1 | $2,800 | 1,117 |
1 1
Walk Score®
Walker's Paradise (90)
Property Taxes
| Parcel Number | 4081-008-007 | Total Assessment | $1,632,000 |
| Land Assessment | $918,000 | Annual Taxes | $22,000 ($4.92/SF) |
| Improvements Assessment | $714,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
4081-008-007
Land Assessment
$918,000
Improvements Assessment
$714,000
Total Assessment
$1,632,000
Annual Taxes
$22,000 ($4.92/SF)
Tax Year
2025
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4724 W 173rd St
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