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14711 Grevillea Ave, Lawndale

Courtesy of Keller Williams Realty, Frederick Howard - CA DRE#01475810

We are pleased to present 14611 Larch Avenue, a 21-unit multifamily property in Lawndale, CA. Built in 1962 and comprising 13,870 rentable square feet on an 18,980-square-foot lot, the two-story building presents a clean mid-century profile accented by a wood-panel faade. The unit mix is composed of 18 one-bedroom/one-bath units, two studios, and one four-bedroom/two-bath unit. Interiors have been progressively upgraded on turnover, with units receiving modern kitchens, refreshed baths, and wood-style flooring giving ownership a clear value-add path through continued renovation while the property cash-flows on in-place rents. Newer double pane, low-E windows have been installed throughout, and a number of units feature private patios. The building is separately metered for electricity, with master-metered gas and a single water heater serving the property; a utility structure worth noting for underwriting and expense allocation. Tenant amenities include a small, secure playground, 19 on-site parking spaces via ground-level tuck-under parking beneath the building, and an on-site laundry facility (leased) that contributes ancillary income. Professional on-site management underpins stable operations and consistent occupancy. Lawndale bills itself as the "Heart of the South Bay," and the description holds up on the map: the property sits within the Lawndale School District, which maintains some of the strongest school facilities in the South Bay, and is centrally positioned with direct access to the 405, 110, and 105 freeways plus a nearby Metro stop for commuters who'd rather skip the drive. The South Bay is home to one of the most consequential aerospace and defense clusters in the country, and it's accelerating, not fading: L.A. County's aerospace and defense sector added roughly 11,000 jobs between 2022 and 2024 alone, and the region has re-emerged as a hub after the U.S. Space Force established its headquarters in El Segundo in 2021, and SpaceX tripled its launch cadence within a few years. For an apartment owner, this translates directly into renter demand: a durable, well-compensated employment base of engineers, technicians, and contractors who need housing within a manageable commute of Hawthorne, El Segundo, and Redondo Beach -- exactly where 14611 Larch Avenue sits!

22 Beds ⋅ 22 Baths ⋅ ACTIVE Status

We are pleased to present 14611 Larch Avenue, a 21-unit multifamily property in Lawndale, CA. Built in 1962 and comprising 13,870 rentable square feet on an 18,980-square-foot lot, the two-story building presents a clean mid-century profile accented by a wood-panel faade. The unit mix is composed of 18 one-bedroom/one-bath units, two studios, and one four-bedroom/two-bath unit. Interiors have been progressively upgraded on turnover, with units receiving modern kitchens, refreshed baths, and wood-style flooring giving ownership a clear value-add path through continued renovation while the property cash-flows on in-place rents. Newer double pane, low-E windows have been installed throughout, and a number of units feature private patios. The building is separately metered for electricity, with master-metered gas and a single water heater serving the property; a utility structure worth noting for underwriting and expense allocation. Tenant amenities include a small, secure playground, 19 on-site parking spaces via ground-level tuck-under parking beneath the building, and an on-site laundry facility (leased) that contributes ancillary income. Professional on-site management underpins stable operations and consistent occupancy. Lawndale bills itself as the "Heart of the South Bay," and the description holds up on the map: the property sits within the Lawndale School District, which maintains some of the strongest school facilities in the South Bay, and is centrally positioned with direct access to the 405, 110, and 105 freeways plus a nearby Metro stop for commuters who'd rather skip the drive. The South Bay is home to one of the most consequential aerospace and defense clusters in the country, and it's accelerating, not fading: L.A. County's aerospace and defense sector added roughly 11,000 jobs between 2022 and 2024 alone, and the region has re-emerged as a hub after the U.S. Space Force established its headquarters in El Segundo in 2021, and SpaceX tripled its launch cadence within a few years. For an apartment owner, this translates directly into renter demand: a durable, well-compensated employment base of engineers, technicians, and contractors who need housing within a manageable commute of Hawthorne, El Segundo, and Redondo Beach -- exactly where 14611 Larch Avenue sits!

14611 Larch Ave, Lawndale

Courtesy of Keller Williams Realty, Joshua Cohen - CA DRE#01346713

$4,650,000

14815 Prairie is an 18-unit garden-style apartment community across three buildings at 14803, 14807, and 14815 Prairie Avenue in Lawndale outside local rent control and subject only to the statewide AB 1482 cap. Built in 1957 on a 17,771-SF lot with ~13,521 SF of building area, the property offers 12 one-bedroom units (~700 SF) and 6 two-bedroom units (~850 SF), on-site laundry, 18 parking spaces, updated windows throughout, and select renovated units with hardwood flooring and granite countertops. Individually metered for electricity and gas, the property sits in a quiet Lawndale pocket bordering Torrance, just two blocks from the 405 Freeway and one mile from El Camino College.

24 Beds ⋅ 18 Baths ⋅ ACTIVE Status

14815 Prairie is an 18-unit garden-style apartment community across three buildings at 14803, 14807, and 14815 Prairie Avenue in Lawndale outside local rent control and subject only to the statewide AB 1482 cap. Built in 1957 on a 17,771-SF lot with ~13,521 SF of building area, the property offers 12 one-bedroom units (~700 SF) and 6 two-bedroom units (~850 SF), on-site laundry, 18 parking spaces, updated windows throughout, and select renovated units with hardwood flooring and granite countertops. Individually metered for electricity and gas, the property sits in a quiet Lawndale pocket bordering Torrance, just two blocks from the 405 Freeway and one mile from El Camino College.

14815 Prairie Ave, Lawndale

Courtesy of Berkadia, Steffan Braunlich - CA DRE#01859098

$3,950,000

Prime South Bay Location: 16-unit apartment situated on a large 14,411-SF lot in a highly desirable Lawndale location, west of Hawthorne Boulevard, 2 blocks from South Bay Galleria and just 3 blocks from Redondo Beach. Exceptional ADU Potential: Large lot and ample parking areas present the opportunity to add up to 8 ADUs, including the potential to convert space above carport spaces into 2 new ADUs without eliminating any parking (Buyer to Verify). Strong Cash Flow & Rental Upside: 5.90% current cap rate and 10.67 GRM, with upside to a 6.64% pro-forma cap and 9.80 GRM, or a 6.52% current cap and 7.26% pro-forma cap with the implementation of RUBs. Recent Capital Improvements: Property features new main electrical, new electrical subpanels in each unit (2026), newer roof (2023), upgraded units, and recent exterior and landscaping improvements. Value-Add Utility Reimbursement Opportunity: Master-metered for gas and electricity, providing investors with the opportunity to implement RUBs to recapture utility expenses and improve operating efficiency. Favorable Property Attributes: On-site laundry facility, 16 parking spaces, and no local rent control (AB 1482 only).

16 Beds ⋅ 16 Baths ⋅ ACTIVE Status

Prime South Bay Location: 16-unit apartment situated on a large 14,411-SF lot in a highly desirable Lawndale location, west of Hawthorne Boulevard, 2 blocks from South Bay Galleria and just 3 blocks from Redondo Beach. Exceptional ADU Potential: Large lot and ample parking areas present the opportunity to add up to 8 ADUs, including the potential to convert space above carport spaces into 2 new ADUs without eliminating any parking (Buyer to Verify). Strong Cash Flow & Rental Upside: 5.90% current cap rate and 10.67 GRM, with upside to a 6.64% pro-forma cap and 9.80 GRM, or a 6.52% current cap and 7.26% pro-forma cap with the implementation of RUBs. Recent Capital Improvements: Property features new main electrical, new electrical subpanels in each unit (2026), newer roof (2023), upgraded units, and recent exterior and landscaping improvements. Value-Add Utility Reimbursement Opportunity: Master-metered for gas and electricity, providing investors with the opportunity to implement RUBs to recapture utility expenses and improve operating efficiency. Favorable Property Attributes: On-site laundry facility, 16 parking spaces, and no local rent control (AB 1482 only).

17220 Grevillea Ave, Lawndale

Courtesy of Shield CRE, Inc., Jonathan Nikfarjam - CA DRE#01856803