Lawndale Homes with Hotel/Motel Subtype

Welcome to Lawndale, California – a hidden gem nestled in the heart of Los Angeles County! This vibrant city boasts a unique blend of suburban charm and urban convenience, making it an ideal place to call home. With its close proximity to the bustling metropolis of Los Angeles, residents enjoy easy access to world-class entertainment, dining, and cultural experiences while still savoring the tranquility of a tight-knit community.

Lawndale is known for its diverse neighborhoods, friendly atmosphere, and a rich tapestry of cultures. The city is home to beautiful parks, excellent schools, and a variety of shopping options, ensuring that all your needs are just a stone's throw away. Whether you’re exploring the local farmer's market or enjoying a picnic at one of the scenic parks, Lawndale offers a welcoming environment for families, young professionals, and retirees alike.

For those considering an investment opportunity, Lawndale features a unique selection of homes with a hotel/motel subtype. These properties present a fantastic chance for savvy investors to tap into the thriving short-term rental market. With the influx of visitors drawn to the nearby attractions of Los Angeles, owning a home with this subtype allows for both personal enjoyment and potential income generation.

Imagine the possibilities of transforming a charming property into a cozy retreat for travelers seeking a taste of California living! Whether you're looking to invest or settle in a community that balances comfort with convenience, Lawndale is the place to be. Discover the charm of Lawndale and explore the exciting opportunities that await you!

Newest Lawndale Homes with Hotel/Motel Subtype

$1,799,000

SB26057243 MLS ⋅ Active Status

Prime Half-Acre Development Opportunity in Lawndale 0.49-Acre Lot | 6.89% Cap Rate | 10.04 GRM Located on approximately 0.49 acres in the City of Lawndale, this property offers an immediate income-producing opportunity with significant potential for future redevelopment. Current Use & Income: The property is currently operated as a rooming house/SRO (Single Room Occupancy), consisting of 16 rooms plus a separate one-bedroom house. The one-bedroom house has its own address at 15001, while the remaining units use the address 15003. The property currently generates approximately $14,965 per month in gross income, or $179,580 annually, providing immediate cash flow while allowing an investor to maintain the existing operation or explore future development options. Current investment metrics: Cap Rate: 6.79% GRM: 10.04 Gross Monthly Income: $14,965 Gross Annual Income: $179,580 Proposed Future Use: Multifamily Development: A professional Due Diligence/Best Use Report was commissioned to evaluate the property's redevelopment potential. According to the report prepared by Elevated Entitlements, the property presents a potential multifamily development opportunity. Based on the property's medium-density residential zoning and the potential application of AB 1287 density bonus provisions, the Due Diligence Report indicates the site may accommodate up to 19 residential units, including units designated as affordable housing. The report projects potential annual income of approximately $531,000 or more under the proposed multifamily development scenario. This creates the opportunity to acquire an income-producing property today while evaluating a potential transition to a higher-density residential use. Offering Memorandum and Due Diligence Report available upon request. Contact me for additional information and to review the materials prepared by Elevated Entitlements.

15003 Larch, Lawndale

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.