18-Unit Garden Apartment
For Sale
$4,650,000
14815 Prairie Avenue, Lawndale, CA 90260
Garden-style multifamily property with on-site laundry, parking, and a mix of one- and two-bedroom units.
Property Size13,521 SF
Lot Size0.41 Acres
Price / SF$343.91
Days on Market136
Property Features for 14815 Prairie Avenue
General Information
Standard status
Active
Size
13,521 SF
Total Parking Spaces
18
Lot size
0.41 Acres
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
12 x 1BR (~700 SF), 6 x 2BR (~850 SF)
Multifamily Units
18
Amenities
on-site laundry
Building Details
Year Built
1957
Buildings
3
Construction
garden-style
Listing Agency:
Berkadia
Listed By:
Steffan Braunlich · License #01859098
(310) 663-7145
Source:
Sevengables
Added: May 30
Changed: Oct 11
Last Checked: Oct 11 at 9:41AM
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 Berkadia
Investment Insights
Based on property information with market context.
This 18-unit garden-style apartment community comprises three buildings constructed in 1957. The unit mix includes 12 one-bedroom residences of approximately 700 SF and 6 two-bedroom residences of approximately 850 SF. Property features include on-site laundry, 18 parking spaces, updated windows throughout, and select residences with hardwood flooring and granite countertops. Electricity and gas are individually metered.
The property occupies a 17,771-SF lot with approximately 13,521 SF of building area at 14803, 14807, and 14815 Prairie Avenue in Lawndale, California. It borders Torrance and is located two blocks from the 405 Freeway and one mile from El Camino College. The community is outside local rent control and subject to the statewide AB 1482 cap.
The property occupies a 17,771-SF lot with approximately 13,521 SF of building area at 14803, 14807, and 14815 Prairie Avenue in Lawndale, California. It borders Torrance and is located two blocks from the 405 Freeway and one mile from El Camino College. The community is outside local rent control and subject to the statewide AB 1482 cap.
Key Highlights
- 18‑unit community across three garden‑style apartment buildings
- Unit mix includes 12 one‑bedroom and 6 two‑bedroom apartments
- Approximately 13,521 SF of building area on a 17,771‑SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$217,564
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,351,280
$4.4M
Cap Rate 7%
$3,108,057
$3.1M
Cap Rate 9%
$2,417,378
$2.4M
Market Conditions
NOI Build-Up for 13,521 SF
Gross rent
$430.0K $31.80/SF
− Vacancy
−$34.4K −$2.54/SF
EGI
$395.6K $29.26/SF
− OpEx
−$178.0K −$13.17/SF
NOI
$217.6K $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%
$4,351,280
Cap Rate 7%
$3,108,057
Cap Rate 9%
$2,417,378
Alternative Uses
Best Use
Apartment 5plus
$3.11M
$2.72M – $3.63M
NOI $217,564 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.24M
$6.33M – $8.45M
NOI $506,736 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,548
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Garden-style multifamily property with on-site laundry, parking, and a mix of one- and two-bedroom units.
Where is this apartment building located?
The property is located at 14815 Prairie Avenue Lawndale, CA.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: 18‑unit community across three garden‑style apartment buildings; Unit mix includes 12 one‑bedroom and 6 two‑bedroom apartments; Approximately 13,521 SF of building area on a 17,771‑SF lot
