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15003 Larch, Lawndale, CA
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 kitchen and baths and a 1-bedroom home, the property generates $13,618/month in income ($163,416 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, including 2 units set aside for affordable housing, delivering a projected income of $531,000 per year or more. A Property Due Diligence Report has been prepared by a professional entitlement company, confirming the site’s development potential and guiding future permitting. This is a rare opportunity to earn income now while preparing to execute a lucrative development plan in a high-demand Los Angeles County location. Opportunity awaits for investors and developers ready to maximize a rare SoCal development site. Ask for the Offering Memorandum and The Due Diligence Report that researched this property's highest and best use.
Property Details
| Property Type | Commercial Sale |
|---|---|
| Mls # | SB26057243 |
| LotSize | 0 acres |
| Property Subtype | Other |
| Year Built | 1951 |
| Num Of Floors | 0 |
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Carol Anne recently helped me sell my father's house in San Pedro, CA in 9 weeks. To say the least, it was a complicated situation for me as I live in Ohio. The house had a solar system lease and a...
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