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    15301 Prairie Ave

    Lawndale, CA 90260
    • $2,850,000
    • STATUS: Active
    • ON SITE: 182 days
    • ID#: 20-568410
    Price Reduced
    UPDATED: 43 min ago
    $2,850,000
    • 24
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,520
      SQFT
    • $271
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    This 11-unit apartment building is located in the heart of Lawndale, California. This is an opportunity to own a value-add asset in a high demand rental market with tremendous growth potential. Located Less than 2 miles away from the South Bay Galleria redevelopment project that will soon revitalize a nearly 30-acre property at the southwest corner of Artesia and Hawthorne Boulevards. The site will feature a 150-room hotel, 300 apartments, and an additional 217,000 sq. ft. of retail space and up to 175,000 sq. ft. to be used for offices. The property consists of a desirable unit mix of (1) three-bedroom/two-bathroom, (1) three-bedroom/one-bathroom, (1) two-bedroom/two-bathroom, and (8) two-bedroom/one-bathroom units. Two-bedroom units in the immediate area are currently renting from $2,050 to $2,250.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-01T16:42:51.357. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/104745783
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    15301 Prairie Ave Lawndale, CA 90260

    • Price: $2,850,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: 20-568410
    24
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    10,520
    SQFT
    $271
    $/SQFT
    1960
    Built
    Neighborhood:
    North Lawndale
    County:
    Los Angeles
    Area:
    North Lawndale
    Property Description
    This 11-unit apartment building is located in the heart of Lawndale, California. This is an opportunity to own a value-add asset in a high demand rental market with tremendous growth potential. Located Less than 2 miles away from the South Bay Galleria redevelopment project that will soon revitalize a nearly 30-acre property at the southwest corner of Artesia and Hawthorne Boulevards. The site will feature a 150-room hotel, 300 apartments, and an additional 217,000 sq. ft. of retail space and up to 175,000 sq. ft. to be used for offices. The property consists of a desirable unit mix of (1) three-bedroom/two-bathroom, (1) three-bedroom/one-bathroom, (1) two-bedroom/two-bathroom, and (8) two-bedroom/one-bathroom units. Two-bedroom units in the immediate area are currently renting from $2,050 to $2,250.
    Exterior Features

    Covered Parking 11 Lot Size Area 11557 Other Structures None Parking Garage AssignedTandem Total Parking 22

    Interior Features

    Baths Total 13.00 Cooling Other Equipment Other Heating Other

    Property Features

    Gross Income 188136 Gross Operating Income 183702 Like Units1 8 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 115179.00 Number Of Buildings 1 Number Of Units 11 Sale Type Standard Security Features 24 HourCard/Code AccessGatedGuarded Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 68523 Type Of Units Standard Year Built Source Assessor Zoning Lnr3yy

    Listing provided courtesy of David Harrington DRE#01320460 of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-01T16:42:51.357. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Valencia CA, 91355