Lawndale, CA 90260,15301 PRAIRIE AVE
$2,800,000
Est. payment /mo
$2,850,000
1.8%
Est.Price: ?

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SOLD DATE : 01/29/2021

Key Details

Sold Price $2,800,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 20568410

Sold Date 01/29/21

HOA Y/N No

Year Built 1960

Property Description

This 11-unit apartment building is located in the heart of Lawndale, California. This is an opportunity to own a value-add asset in a high demand rental market with tremendous growth potential. Located Less than 2 miles away from the South Bay Galleria redevelopment project that will soon revitalize a nearly 30-acre property at the southwest corner of Artesia and Hawthorne Boulevards. The site will feature a 150-room hotel, 300 apartments, and an additional 217,000 sq. ft. of retail space and up to 175,000 sq. ft. to be used for offices. The property consists of a desirable unit mix of (1) three-bedroom/two-bathroom, (1) three-bedroom/one-bathroom, (1) two-bedroom/two-bathroom, and (8) two-bedroom/one-bathroom units. Two-bedroom units in the immediate area are currently renting from $2,050 to $2,250.

Location

State CA

County Los Angeles

Area 112 - North Lawndale

Zoning LNR3YY

Interior

Fireplace No

Exterior

Garage Assigned, Garage, Tandem

Community Features Gated

Parking Type Assigned, Garage, Tandem

Building

Story 2

Others

Senior Community No

Tax ID 4076002019

Security Features Gated Community,24 Hour Security,Key Card Entry,Security Guard

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by David Harrington • Matthews Real Estate Investment Services
Bought with Nabil Awada • Matthews Real Estate Investment Services

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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