1 of 18

Want to see this property?

15917 Prairie Avenue

Lawndale, CA 90260

– beds
– baths
– sqft
7,010 sqft lot
1986 build
– on site

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 rental 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!

Listed By CRMLS_CA / Woody Stahl / Lyon Stahl Investment Real Est / woody@lyonstahl.com

Last checked: Checking… • Last updated Dec 18, 2024 •

MLS# PW24248772 —

The Building

Year Built:

1986
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

5194.00
Building Area Units:

Square Feet
Total Number Of Units:

8
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

9
# of Separate Water Meters:

1
# of Separate Electric Meters:

9

Interior

Entry Location:

1
Laundry:

Common Area
Laundry:

1

Location

Directions:

1 Parcel North of 160th St and Prairie Ave Across From Alondra Park Golf Course
Latitude:

33.88583700
Longitude:

-118.34414200

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

LNR4YY
Lot Features:

6-10 Units/Acre
Lot Size Area:

7010.0000
Lot Size Acres:

0.1609
Lot Size SqFt:

7010.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

6041.01
Tax Tract:

7422
Tax Lot:

172

The Listing

Special Listing Conditions:

Standard
Parcel Number:

4074025017

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Biking
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Garage
Parking Spaces:

15.00
Garage Spaces:

15.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/12/24 Dec 12, 2024	Listed / Active	CRMLS_CA	$1,900,000

Want a closer look?

Go see 15917 Prairie Avenue

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Lawndale, CA

Similar sold homes

This multifamily located in South Bay, Lawndale, CA 90260 is currently for sale for $1,900,000. 15917 Prairie Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 6 days. 15917 Prairie Avenue is in the South Bay neighborhood of Lawndale and has a WalkScore® of 66, making it somewhat walkable. This multifamily is in the attendance area of Will Rogers Middle School, Lawndale High School, William Anderson Elementary School, and Leuzinger High School.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Est. Based on information from California Regional Multiple Listing Service, Inc. as of 23:57 on Dec 17.

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.