15003 Larch, Lawndale, CA 90260

Lawndale
Local realty services provided by:ERA North Orange County Real Estate
15003 Larch,Lawndale, CA 90260
$1,799,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: carol anne mills
Office: keller williams realty
MLS#:SB26134259
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,799,000

About this home

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 investment 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...

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Home facts

  • Listing ID #:SB26134259
  • Added:120 day(s) ago
  • Updated:November 15, 2026 at 03:25 PM

Finances and disclosures

  • Price:$1,799,000
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