90260 Homes with Apartment Subtype

90260 Homes with Apartment Subtype

Welcome to Lawndale, California, where the vibrant spirit of community meets the charm of suburban living! Nestled in the heart of Los Angeles County, the zip code 90260 is a hidden gem that offers a delightful blend of convenience, comfort, and character.

Lawndale is known for its diverse neighborhoods and welcoming atmosphere, making it an ideal place for families, young professionals, and retirees alike. The area boasts a variety of amenities, including parks, shopping centers, and dining options that cater to all tastes. With its close proximity to major freeways, residents enjoy easy access to the bustling lifestyle of Los Angeles while being able to retreat to the tranquility of their own community.

For those seeking homes with an apartment subtype, 90260 has a range of options that cater to different lifestyles. Whether you’re looking for a cozy duplex, a charming triplex, or a modern apartment complex, Lawndale has something for everyone. These homes often provide the perfect balance of space and privacy, ideal for first-time buyers, investors, or those seeking multi-generational living arrangements.

Imagine hosting friends and family in your stylish apartment, or enjoying the sunny California weather in a shared outdoor space. With a variety of housing styles and price points, you’re sure to find the perfect fit for your needs in this inviting neighborhood.

Explore the possibilities that await you in Lawndale, zip code 90260, where your dream home is just around the corner!

Newest 90260 Homes with Apartment Subtype

$1,799,000
SB26134259 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.