North Lawndale (112) Homes with Hotel/Motel Subtype

Welcome to North Lawndale, a vibrant neighborhood nestled in the heart of Lawndale, California! This charming community, located in Los Angeles County, is a hidden gem that offers a unique blend of suburban tranquility and urban convenience. With its rich cultural diversity and welcoming atmosphere, North Lawndale is the perfect place for families, young professionals, and retirees alike.

One of the standout features of this area is its eclectic mix of homes, including a distinctive selection of properties classified under the hotel/motel subtype. These versatile homes offer a unique opportunity for those looking to invest in real estate, whether you're considering a charming bed and breakfast or a cozy rental property. The potential for generating income in this thriving community is immense, making it an attractive option for savvy investors.

North Lawndale is known for its friendly neighbors and a strong sense of community. Residents enjoy easy access to nearby parks, shopping centers, and dining options, creating a lifestyle that balances relaxation and convenience. The area is well-connected to major highways, making commuting to downtown Los Angeles and other surrounding areas a breeze.

With its appealing homes and vibrant community spirit, North Lawndale is more than just a place to live—it's a place to thrive. Whether you're looking to settle down or invest in a lucrative property, North Lawndale welcomes you with open arms. Explore the possibilities today and discover the charm of this remarkable neighborhood!

Newest North Lawndale (112) Homes with Hotel/Motel Subtype

$1,799,000

SB26057243 MLS ⋅ Active Status

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 density bonus provisions, the Due Diligence Report indicates the site may accommodate up to 19 residential units, including units designated as affordable housing. The report projects potential annual income of approximately $531,000 or more under the proposed multifamily development scenario. This creates the opportunity to acquire an income-producing property today while evaluating a potential transition to a higher-density residential use. Offering Memorandum and Due Diligence Report available upon request. Contact me for additional information and to review the materials prepared by Elevated Entitlements.

15003 Larch, Lawndale

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.