15917 Prairie Ave is an excellent investment opportunity in the heart of Lawndale, featuring an 8-unit apartment building with a diverse unit mix. The property includes six 2-bedroom, 1-bathroom units, one 1-bedroom, 1-bathroom unit, and one studio unit, offering versatility for tenants and strong rental demand. Tenants will also benefit from ample parking, with 15 total garage spaces providing unmatched convenience. This property presents significant upside potential, boasting an 8.02% market CAP rate and an 8.85 market GRM with potential to maximize income through eligible 8.9% rent increases for every unit, making it an attractive option for investors looking to maximize returns. Priced at $237,500 per unit and $271 per square foot, it offers exceptional value with room for growth. It also features a new roof that was replaced in 2024. Conveniently located right across the street from Alondra Park Golf Course, the property is situated in a desirable area that enhances its appeal for tenants. Don’t miss this chance to own a high-performing investment property in a prime Lawndale location with excellent long-term potential!
MLS #
CRPW24248772
MLS Source
California Regional MLS
Days on Site
9
Garage/Parking
Garage, Garage: 15 Car(s)
Listing Agent
Woody Stahl
Lyon Stahl Investment Real Est
License #: 01399621
Phone: (310) 425-9838
Co-Listing Agent
Brett Lyon
License #: 01717818
Phone: (310) 706-4066
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | – | – |
Schools | Type | Grades | Distance | Rating |
---|---|---|---|---|
Will Rogers Middle School | public | 6-8 | 0.35 mi | |
William Anderson Elementary School | public | K-5 | 0.42 mi | |
Mark Twain Elementary School | public | K-5 | 0.46 mi | |
Jane Addams Middle School | public | 6-8 | 0.85 mi | |
Evelyn Carr Elementary School | public | K-5 | 0.87 mi | |
William Green Elementary School | public | K-5 | 0.87 mi | |
F. D. Roosevelt Elementary School | public | K-5 | 0.92 mi | |
Carson School | public | UG | 1.01 mi | N/A |
South Bay Adult | public | UG | 1.03 mi | N/A |
Leuzinger High School | public | 9-12 | 1.08 mi | |
Lucille J. Smith Elementary School | public | K-5 | 1.11 mi | |
Renaissance Community Day School | public | 7-12 | 1.16 mi | |
Yukon Elementary School | public | K-5 | 1.29 mi | |
Billy Mitchell Elementary School | public | K-5 | 1.31 mi | |
Jefferson School | public | K-5 | 1.38 mi | |
Centinela Valley Adult | public | UG | 1.41 mi | N/A |
R. K. Lloyde High School | public | 9-12 | 1.41 mi | |
Centinela Valley Independent Study School | public | 9-12 | 1.41 mi | |
Lincoln Elementary School | public | K-5 | 1.49 mi | |
Prairie Vista Middle School | public | 6-8 | 1.50 mi |
15917 Prairie Ave is a Residential Income in Lawndale, CA 90260. This – square foot property sits on a 7,010 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,900,000 and was built in 1986.
This address can also be written as 15917 Prairie Ave, Lawndale, CA 90260.©2024 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of December 20, 2024. For the most current information, please contact Woody Stahl, (310) 425-9838