15003 Larch
Lawndale, CA 90260
Listing broker / agent: Keller Williams Realty · Carol Anne Mills · 310-701-2486 · CRMLS
MLS # SB26134259 · Last checked Oct 22, 2026 04:37 UTC
About this property
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.
Property details
- MLS number
- SB26134259
- Status
- Active
- Type
- Residential Income
- Subtype
- Apartment
- Lot size
- 0.4852 acres
- County
- Los Angeles
- Year built
- 1951
More property detailsCollapse
Listing
- Days on market
- 63
Building
- Year built
- 1951
- Year built source
- Assessor
- Building stories
- 2
- Entry level
- 1
Rooms & interior
- Laundry
- Inside
Exterior & parking
- Total parking spaces
- 0
- Garage spaces
- 0
- Pool
- None
- Lot features
- Twenty Six To Thirty Units Acre, Six To Ten Units Acre
- Lot size source
- Assessor
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Sidewalks
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Lucille J. Smith Elementary (school website, opens in a new tab) Lawndale Elementary · Lawndale | K–5 | 0.4 mi |
| William Anderson Elementary (school website, opens in a new tab) Lawndale Elementary · Lawndale | K–5 | 0.4 mi |
| Jane Addams Middle (school website, opens in a new tab) Lawndale Elementary · Lawndale | 6–8 | 0.4 mi |
| Will Rogers Middle (school website, opens in a new tab) Lawndale Elementary · Lawndale | 6–8 | 0.5 mi |
| Leuzinger High (school website, opens in a new tab) Centinela Valley Union High · Lawndale | 9–12 | 0.5 mi |
| R. K. Lloyde High (school website, opens in a new tab) Centinela Valley Union High · Lawndale | 9–12 | 0.6 mi |
| Billy Mitchell Elementary (school website, opens in a new tab) Lawndale Elementary · Lawndale | K–5 | 0.6 mi |
| Lawndale High (school website, opens in a new tab) Centinela Valley Union High · Lawndale | 9–12 | 0.7 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,799,000
- MLS-reported original asking price
- $1,799,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 05:37 | $1,799,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Lawndale
Active residential homes for sale in Lawndale, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
5 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-22 05:17 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
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Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗