Active

12940 Prairie Ave

Heathrow, CA 90250

$1,099,000 $4,633/Mo

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Overview

Bed

Bath

3,280

Sqft

3,450

Sqft(Lot)

Description

Income-Producing Opportunity in the South Bay – Upside Potential Investor opportunity at 12940 Prairie Ave – a solid income-producing property in a prime South Bay location. The building was originally built as mixed-use but has long since been converted to all residential, creating a versatile 4-unit property with an additional studio unit that adds extra income potential. The property currently includes (1) 2-bed/1-bath unit and (3) 1-bed/1-bath units, plus a bonus unpermitted studio, giving investors five income streams. Current rents are slightly below market, leaving room for future increases and improved cash flow. Ownership has already taken care of several key upgrades. The roof was resurfaced recently, the windows have been replaced with vinyl double-pane, and the water h eater is new. The housing provider currently pays all utilities, and the property includes three assigned parking spaces (one driveway space and a two-car carport). Location is a major plus. Situated in the heart of the South Bay, the property is minutes from the beach cities, LAX, and the rapidly growing Inglewood Entertainment District. Commuting is easy with quick access to the 405 and 105 freeways, and the area is close to major employers like SpaceX, Amazon, Boeing, and Raytheon. Whether you're looking to add to your portfolio or get into South Bay multifamily investing, this property offers current income with room to grow in a strong rental market.

Property Details

Property Type : Residential Income

Price : $1,099,000

AD Id : 74176310

MLS Id : SB25176869

Lot Size : 3,450 Sqft

Living Area Size : 3,280

Year Built : 1962

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Flat Windows: Double Pane Windows Fireplace: None
Cooling Features

None Air Conditioning

Energy

Green Energy: Windows

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1962 Building Area Total: 3,280 Construction: Stucco Roof: Flat
Foundation

Slab
Pool Features

None

Laundry Features

None

Fencing

Block

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.0792
Lot Size Source: Assessor Lot Size Square Feet: 3450

Listing Price Information

Original List Price: 1,099,000 Listing Contract Date: 2025-08-01
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 4050002001

Garage and Parking

Garage Description: Assigned,Carport,Driveway

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: None,See Remarks

Other Property Info

Source Listing Status: Active Source Neighborhood: 110 - East Hawthorne Directions: south of El Segundo Blvd on east side of Prairie Ave, next to a small church Source Property Type: Residential Income Area: 110 - East Hawthorne Property SubType: Apartment
Building and Construction

Property Age: 64 Common Walls: 1 Common Wall Structure Type: Apartment Year Built Source: Assessor Entry Location: Ground level Property Attached: Yes Levels or Stories: Two Building Total Stories: 2

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
14075 Lemoli, Heathrow, CA, 90250	$665,000	3	3	1,615	1,615 SqFt
13945 Lemoli Avenue, Heathrow, CA, 90250	$559,000	2	2	1,286	1,286 SqFt
14405 Cerise #13, Heathrow, CA, 90250	$445,000	2	2	798	798 SqFt
13024 Union Avenue #401, Heathrow, CA, 90250	$850,000	1	1	1,326	1,326 SqFt

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ByOwner last updated this listing 06/05/2026 @ 13:18

MLS: SB25176869 LISTED BY: Anthony Warfield, REMAX AEGIS 310-546-6300 SOURCE: CRMLS