Just Listed: Income + Development Potential
in Lawndale
Lawndale, CA
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Request a private tour of 15003 Larch Avenue — in person or by live video walkthrough.
About this home
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 (Single Room Occupancy) with shared kitchen and baths and a 1-bedroom home, the property generates $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, including 2 units set aside for affordable housing, delivering a projected income of $531,000 per year or more. A Property Due Diligence Report has been prepared by a professional entitlement company, confirming the site’s development potential and guiding future permitting. This is a rare opportunity to earn income now while preparing to execute a lucrative development plan in a high-demand Los Angeles County location. Opportunity waits for investors and developers ready to maximize a rare SoCal development site. Ask for the Offering Memorandum and The Due Diligence Report that researched this property's highest and best use.
Property features
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What it costs each month
Loan amount $1,439,200. Tax rates vary by district — adjust the figure above to match this address.
- Principal & interest
- $9,097
- Property tax
- $1,874
- Insurance
- $525
An estimate for illustration only, not a loan offer, quote or approval. The interest rate above is a starting figure we picked, not a current market rate and not one you have been offered — change it to a rate you have actually been quoted. Tax and insurance are estimates too. Actual payments depend on your lender, your credit and the final assessments. Speak to a lender for figures you can rely on.
Where you'll live
15003 Larch Avenue, Lawndale, CA 90260
Neighborhood
- Leuzinger High School0.38 mi
- William Anderson Elementary School0.38 mi
- Jane Addams Middle School0.42 mi
- Will Rogers Middle School0.43 mi
- Billy Mitchell Elementary School0.61 mi
- Marscos500 ft
- #1 Buffet Chinese Buffet Restaurant0.36 mi
- Lucky Star Cafe0.36 mi
- Ocho Rios Grill0.39 mi
- King & Wings0.39 mi
- Jane Addams Park0.38 mi
- Rogers-Anderson Park0.50 mi
- Jim Thorpe Park0.76 mi
- Charles Hopper Park0.87 mi
- Bodger Park0.98 mi
Carol Anne Mills
Realtor
Keller Williams Realty
License 01336814
