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15003 Larch Ave 17 Unit Apartment Building $2,740,000 CAD ($161,176 CAD/Unit) 4.75% Cap Rate Lawndale, CA 90260
Investment Highlights
- Prime redevelopment opportunity on a 0.49-acre lot in the heart of Lawndale, offering strong potential for multifamily development.
- Zoned Medium Density Residential (R-2) with the ability to leverage AB 1287 density bonus, allowing up to 19 residential units
- Centrally located in Los Angeles County with convenient access to major thoroughfares, employment hubs, and essential amenities.
- Currently improved with 16 studio units and one single-bedroom home, generating approximately $163,416 in annual income for immediate cash flow.
- A professional due diligence report is available, confirming entitlement potential and guiding future permitting for developers.
- Rare opportunity to combine current income generation with long-term value creation through redevelopment in a high-demand market.
Executive Summary
Proposed Use Multi-Family - Prime Development Opportunity in Lawndale- Half Acre Lot
Unlock the potential of this prime half-acre property in the heart of Lawndale, perfectly positioned for redevelopment. Currently configured with 16 studio units (with shared bathrooms/kitchen) and a 1-bedroom home, the property generates a $13,618/ month in income ($163,416 per year), providing immediate cash flow while you plan your next steps.
With medium-density residential zoning combined with the AB 1287 density bonus, the site has the potential to accommodate up to 19 residential units, individual units set aside for affordable housing, delivering a projected income of $531,000 per year or more.
Unlock the potential of this prime half-acre property in the heart of Lawndale, perfectly positioned for redevelopment. Currently configured with 16 studio units (with shared bathrooms/kitchen) and a 1-bedroom home, the property generates a $13,618/ month in income ($163,416 per year), providing immediate cash flow while you plan your next steps.
With medium-density residential zoning combined with the AB 1287 density bonus, the site has the potential to accommodate up to 19 residential units, individual units set aside for affordable housing, delivering a projected income of $531,000 per year or more.
Data Room Click Here to Access
- Offering Memorandum
- Third Party Reports
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 17 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4077-022-016 | Total Assessment | $148,717 CAD |
| Land Assessment | $89,904 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $58,812 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
4077-022-016
Land Assessment
$89,904 CAD
Improvements Assessment
$58,812 CAD
Total Assessment
$148,717 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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15003 Larch Ave
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