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$ 1,799,000
Est. payment | /mo
0.49 Acres Lot
$ 1,799,000
Est. payment | /mo
0.49 Acres Lot
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26057243
HOA Y/N No
Year Built 1951
Tax Year 2025
Lot Size 0.485 Acres
Property Sub-Type Hotel/Motel
Property Description
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.
Location
State CA
County Los Angeles
Area 112 - North Lawndale
Interior
Fireplace No
Laundry Inside
Building
Lot Description 26-30 Units/Acre, 6-10 Units/Acre
Story 2
Water Public
Others
Tax ID 4077022016
Special Listing Condition Standard
Listed by Carol Anne Mills Keller Williams Realty 310-701-2486, DRE #01336814
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