15917 Prairie Avenue, Lawndale, CA 90260
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- MLS#: PW24248772 ( Commercial/Residential )
- Street Address: 15917 Prairie Avenue
- Viewed: 1
- Price: $1,900,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1986
- Bldg sqft: 0
- Days On Market: 11
- Additional Information
- County: LOS ANGELES
- City: Lawndale
- Zipcode: 90260
- Provided by: Lyon Stahl Investment Real Est
- Contact: Woody Woody
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Description15917 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. Dont miss this chance to own a high performing investment property in a prime Lawndale location with excellent long term potential!
Property Location and Similar Properties
Features
Building Area Total
- 5194.00
Commoninterest
- None
Common Walls
- 2+ Common Walls
Country
- US
Electric Expense
- 0.00
Fuel Expense
- 0.00
Garage Spaces
- 15.00
Gardner Expense
- 1200.00
Insurance Expense
- 6493.00
Laundry Features
- Common Area
Lot Features
- 6-10 Units/Acre
Netoperatingincome
- 68624.00
Newtaxesexpense
- 25760.00
Otherexpense
- 6800.00
Otherexpensedescription
- Utility
Parcel Number
- 4074025017
Parking Features
- Garage
Pool Features
- None
Professionalmanagementexpense
- 6330.00
Property Type
- Commercial/Residential
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 428632143:CRM
Totalexpenses
- 51646.00
Trash Expense
- 0.00
Vacancyallowance
- 6330
Water Sewer Expense
- 0.00
Water Source
- Public
Year Built
- 1986
Year Built Source
- Assessor
Zoning
- LNR4YY