15240 Osage Ave | Lawndale, CA 90260
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- LoopNet Team
15240 Osage Ave
Lawndale, CA 90260
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Four Detached Single-Story Units on a Large 10,148-SF Lot | Unit Mix of (One) 3-Bed/2-Bath Unit, (Two) 2-Bed/1-Bath Units & (One) 1-Bed/1-Bath Unit
- Large Lot Presents Desirable Opportunity to Add ADUs or Redevelop the Property | Residential Asset - Perfect Owner-User Opportunity
- Four Garages | Minimal Common Area Expenses
- Highly Desirable Lawndale Location – West of Prairie Avenue & a Few Blocks from Alondra Park | No Local Rent Control – Defaults to AB 1482
- 7.48% Pro-Forma Cap Rate & 10.27 Pro-Forma GRM | 4.37% Current Cap Rate & 15.31 Current GRM | Qualifies for Residential Financing
- Few Blocks from Local Schools, Less Than 4 Miles from Pacific Ocean & Close Proximity to El Camino College, Northrup Grumman & South Bay Galleria
PROPERTY FACTS
| No. Units | 4 | Building Size | 3,342 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Building Class | C | Year Built | 1960 |
| Lot Size | 0.23 AC | Parking Ratio | 1.2/1,000 SF |
| Zoning | LNR2YY | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,342 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | LNR2YY |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $2,000 | - |
| 2+1 | 2 | $1,650 | - |
| 1+1 | 1 | $1,475 | - |
PROPERTY TAXES
| Parcel Number | 4076-004-005 | Improvements Assessment | $282,606 |
| Land Assessment | $314,008 | Total Assessment | $596,614 |
PROPERTY TAXES
Parcel Number
4076-004-005
Land Assessment
$314,008
Improvements Assessment
$282,606
Total Assessment
$596,614
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