Property Details
About this Property
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 Listing Information
MLS #
CRPW24248772
MLS Source
California Regional MLS
Days on Site
6
Parking, School, and Other Information
Garage/Parking
Garage, Garage: 15 Car(s)
Contact Information
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
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
15917 Prairie Ave is a Residential Income in Lawndale, CA 90260. This – square foot property sits on a – 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.
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This listing information is up-to-date as of December 18, 2024. For the most current information, please contact Woody Stahl, (310) 425-9838
