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15003 Larch

Lawndale, CA 90260
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Bed 0

Bed

Bath 2

Bath

SqFt21,137

Sqft(Lot)

Prime Half-Acre Development Opportunity in Lawndale 0.49-Acre Lot | 6.89% Cap Rate | 10.04 GRM Located on approximately 0.49 acres in the City of Lawndale, this property offers an immediate income-producing opportunity with significant potential for future redevelopment. Current Use & Income: The property is currently operated as a rooming house/SRO (Single Room Occupancy), consisting of 16 rooms plus a separate one-bedroom house. The one-bedroom house has its own address at 15001, while the remaining units use the address 15003. The property currently generates approximately $14,965 per month in gross income, or $179,580 annually, providing immediate cash flow while allowing an investor to maintain the existing operation or explore future development options. Current i nvestment metrics: Cap Rate: 6.79% GRM: 10.04 Gross Monthly Income: $14,965 Gross Annual Income: $179,580 Proposed Future Use: Multifamily Development: A professional Due Diligence/Best Use Report was commissioned to evaluate the property's redevelopment potential. According to the report prepared by Elevated Entitlements, the property presents a potential multifamily development opportunity. Based on the property's medium-density residential zoning and the potential application of AB 1287 density bonus provisions, the Due Diligence Report indicates the site may accommodate up to 19 residential units, including units designated as affordable housing. The report projects potential annual income of approximately $531,000 or more under the proposed multifamily development scenario. This creates the opportunity to acquire an income-producing property today while evaluating a potential transition to a higher-density residential use. Offering Memorandum and Due Diligence Report available upon request. Contact me for additional information and to review the materials prepared by Elevated Entitlements.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,799,000

AD Id : 89134814

MLS Id : SB26134259

Lot Size : 21,137 Sq. Ft

Year Built : 1951

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1951
    Building Area Total: 4001
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 21137 Lot Size Acres: 0.4852 Lot Size Source: Assessor Lot Size Square Feet: 21,137 Lot Description: TwentySixToThirtyUnitsAcre,SixToTenUnitsAcre

  • Listing Price Information

    Listing Price: $1799000
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  • Tax Information

    Parcel Number: 4077022016 Tax Lot: 4077 Tax Year: 2025

  • Location Information

    Direction: East of Hawthorne South of Rosecrans WaterSource: Public
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/05/2026 @ 08:54

MLS: SB26134259 LISTED BY: Carol Anne Mills, Keller Williams Realty 310-519-1080 SOURCE: CRMLS

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