Home | Los Angeles County | Lawndale | 90260 | 15003 Larch
MLS: CRSB26134259 | Status: | Price: $1,799,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 21,137 | 1951 |
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 evaluate the property's redevelopment potential. According to the report prepared by Elevated Entitlements, the property presents a potential multifamily development opportunity. Based on the property's medium-density residential zoning and the potential application of AB 1287 dens
| Field | Value |
|---|---|
| MLS # | CRSB26134259 |
| MLS Source | California Regional MLS |
| Days on Site | 64 |
| Feature | Details |
|---|---|
| Appliances | Other |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
Carol Anne Mills
Keller Williams Realty
License #: 01336814
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 6 | 13 | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| F. D. Roosevelt Elementary School | public | K-5 | 0.26 mi | 3 |
| Lucille J. Smith Elementary School | public | K-5 | 0.38 mi | 8 |
| Jane Addams Middle School | public | 6-8 | 0.41 mi | 9 |
| Will Rogers Middle School | public | 6-8 | 0.41 mi | 7 |
| Leuzinger High School | public | 9-12 | 0.46 mi | 4 |
| William Anderson Elementary School | public | K-5 | 0.47 mi | 5 |
| Billy Mitchell Elementary School | public | K-5 | 0.60 mi | 6 |
| Jefferson School | public | K-5 | 0.77 mi | 4 |
| Lawndale High School | public | 9-12 | 0.78 mi | 4 |
| Mark Twain Elementary School | public | K-5 | 0.79 mi | 6 |
| Centinela Valley Independent Study School | public | 9-12 | 0.87 mi | 2 |
| R. K. Lloyde High School | public | 9-12 | 0.87 mi | 1 |
| Centinela Valley Adult | public | UG | 0.87 mi | N/A |
| South Bay Adult | public | UG | 0.89 mi | N/A |
| Prairie Vista Middle School | public | 6-8 | 0.94 mi | 5 |
| Carson School | public | UG | 0.98 mi | N/A |
| Ramona School | public | K-5 | 1.07 mi | 8 |
| Renaissance Community Day School | public | 7-12 | 1.12 mi | 2 |
| Bud Carson Middle School | public | 6-8 | 1.23 mi | 4 |
| William Green Elementary School | public | K-5 | 1.25 mi | 7 |
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This listing information is up-to-date as of September 18, 2026. For the most current information, please contact Carol Anne Mills.