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$3,950,000
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

$699,800
3 Beds ⋅ 3 Baths ⋅ ACTIVE Status ⋅ LA PALMA TOWNHOMES BLDG.
Welcome to 15111 Freeman Ave #1, a beautifully renovated front corner-unit townhome in the gated La Palma Townhomes community of Lawndale. This bright and airy tri-level residence features 3 bedrooms, 2.5 bathrooms, an attached 2-car garage, and a desirable front-unit location with direct street access from Freeman Ave. Recently refreshed with new LVP flooring, fresh interior paint, and additional updates, this move-in ready home offers a comfortable and functional layout. A spacious outdoor patio greets you upon entry perfect for al fresco dining, morning coffee, evening wine, potted plants, or entertaining guests. Inside, the inviting living room features a cozy fireplace and several windows that bring in great natural light, flowing into the dining area and bright kitchen with abundant cabinetry. Upstairs, all three bedrooms are thoughtfully positioned on the same level with vaulted ceilings. The spacious primary suite includes a walk-in closet and ensuite bathroom, while two additional bedrooms share a full bathroom nearby. The lower level offers a large laundry room with washer/dryer hookups and central vacuum, with flexible space for storage, a home office, gym area, or bonus utility space. The attached 2-car garage provides direct access to the community driveway. Enjoy resort-style community amenities including a clubhouse, pool, jacuzzi, playground, and plenty of guest parking. Centrally located in the heart of the South Bay, this home offers convenient access to the 405, 105, and 110 freeways, LAX, SpaceX, SoFi Stadium, Manhattan Beach, Redondo Beach, El Camino College, South Bay Galleria, Del Amo Fashion Center, and nearby dining, shopping, and entertainment.

15111 Freeman Ave Unit 1, Lawndale

Courtesy of Hollywood Estates, Erik Lim - CA DRE#02141592

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