21-Unit Apartment
For Sale
$5,195,000
14611 Larch Avenue, Lawndale, CA 90260
The two-story property includes on-site laundry, covered parking, and a secure playground.
Property Size13,870 SF
Lot Size0.44 Acres
Price / SF$374.55
Days on Market10
Property Features for 14611 Larch Avenue
General Information
Standard status
Active
Size
13,870 SF
Net Rentable
13,870 SF
Total Parking Spaces
19
Lot size
0.44 Acres
Property subtype
Residential Income
Zoning
LNR3YY
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
18 x 1BR/1BA, 2 x studio, 1 x 4BR/2BA
Multifamily Units
21
Individually Metered Utilities
electricity
Additional Details
Tenant in Place
Yes
Amenities
private patios
secure playground
on-site laundry facility
true
22
2
false
18980
19
0.4357
Assessor
Covered
13870
1
Building Details
Building Size
13,870 SF
Year Built
1962
Buildings
1
Stories
2
Construction
mid-century
Listing Agency:
Keller Williams Realty
(310) 480-2130
Listed By:
Joshua Cohen
Source:
Gotrealestatesolutions
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story apartment property in Lawndale contains 21 units across 13,870 rentable square feet, on an 18,980-square-foot lot. Built in 1962, it has 18 one-bedroom, one-bath apartments, two studios, and one four-bedroom, two-bath apartment. Kitchens, bathrooms, and flooring have been updated as units turn over. Double-pane, low-E windows are installed throughout, and some apartments have private patios.
Electricity is separately metered; gas is master-metered, and one water heater serves the building. On-site features include 19 covered parking spaces beneath the building, a secure playground, and a leased laundry facility. Professional management is based on site.
The property is within the Lawndale School District and has access to the 405, 110, and 105 freeways, along with a nearby Metro stop.
Electricity is separately metered; gas is master-metered, and one water heater serves the building. On-site features include 19 covered parking spaces beneath the building, a secure playground, and a leased laundry facility. Professional management is based on site.
The property is within the Lawndale School District and has access to the 405, 110, and 105 freeways, along with a nearby Metro stop.
Key Highlights
- 21 units: 18 one‑bedroom/one‑bath apartments, two studios, and one four‑bedroom/two‑bath apartment
- 13,870 rentable square feet on an 18,980‑square‑foot lot
- Built in 1962; two‑story building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$223,179
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,463,580
$4.5M
Cap Rate 7%
$3,188,271
$3.2M
Cap Rate 9%
$2,479,767
$2.5M
Market Conditions
NOI Build-Up for 13,870 SF
Gross rent
$441.1K $31.80/SF
− Vacancy
−$35.3K −$2.54/SF
EGI
$405.8K $29.26/SF
− OpEx
−$182.6K −$13.17/SF
NOI
$223.2K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,463,580
Cap Rate 7%
$3,188,271
Cap Rate 9%
$2,479,767
Alternative Uses
Best Use
Apartment 5plus
$3.19M
$2.79M – $3.72M
NOI $223,179 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.43M
$6.50M – $8.66M
NOI $519,816 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
21
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,923
Businesses Nearby
Explore this area
Business Placement
Demographics for 90260, CA
33,338
Population
10,787
Households
3.1
Avg Household Size
36
Median Age
23%
College-Educated
75%
High-School Grad
2.5 sq mi
ZIP Area
13,335
Density / Sq Mi
$86,736
Median Household Income
$38,183
Median Earnings
$1,877
Median Rent
$745,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The two-story property includes on-site laundry, covered parking, and a secure playground.
Where is this apartment building located?
The property is located at 14611 Larch Avenue Lawndale, CA.
What is the asking price?
The asking price for this property is $5,195,000.
What are key features of this property?
This property features: 21 units: 18 one‑bedroom/one‑bath apartments, two studios, and one four‑bedroom/two‑bath apartment; 13,870 rentable square feet on an 18,980‑square‑foot lot; Built in 1962; two‑story building
