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Listed by woody@lyonstahl.com - Woody Stahl - DRE #01399621 - Lyon Stahl Investment Real Est 310-425-9838 Listing Courtesy of: DRE #01717818

$1,900,000

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15917 Prairie Avenue Lawndale, CA 90260

Mixed Use Residence

Beds

Baths

5,194 Sq. Ft.

0.16 Acre Lot

Property Activity

Time on Site

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Last updated on 1/7/2025 2:51 AM

Listing Details

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 r...ental 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! Continue reading

MLS#

PW24248772

Property Type

Mixed Use

Status

Year Built

1986

Square Feet

5,194 sq. ft

Lot Size

0.16

Sewer