15003 Larch, Lawndale, CA 90260

Building Details

Year built

1951

Architectural style

Other

Listing agent Carol Anne Mills License #01336814 Show Phone

Listing office Keller Williams Realty k***@kw.com 28901 S. Western Ave Ste 139, Palos Verdes, CA Show Phone

Listing date Mar 24, 2026

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MLS# SB26057243 Listing URL

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Overview

The property is a multifamily site currently configured with 16 studio units that share kitchen and bath facilities, along with one 1-bedroom home. The offering also notes that the property is producing $13,618 per month in income ($163,416 per year), which can support operational cash flow while redevelopment planning moves forward.

Located in Lawndale, California (90260) on a half-acre lot, the site is described as having Medium Density Residential zoning, combined with the AB 1287 density bonus. Per the provided information, this framework supports the potential to accommodate up to 19 residential units, including 2 units set aside for affordable housing. A Property Due Diligence Report has been prepared by a professional entitlement company to confirm development potential and guide future permitting.

For investors and developers looking for a residential redevelopment opportunity in Los Angeles County, this asset offers a two-track approach: existing income from the current unit mix and a documented entitlement path toward an expanded residential configuration. Prospective buyers are encouraged to request the Offering Memorandum and the Due Diligence Report referenced with the submission.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Lawndale

County

Los Angeles

State

California

Longitude

-118.3508288

Latitude

33.8954176

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FAQs

What type of property is this?

Apartment building - Existing 16 studios and one 1-bedroom home on a half-acre site, with entitlement path for up to 19 units.

Where is this apartment building located?

The property is located at 15003 Larch Lawndale, CA.

What is the asking price?

The asking price for this property is $1,799,000.

What are key features of this property?

This property features: Prime half‑acre development opportunity in Lawndale; Potential to build up to 19 residential units with density bonus (AB 1287); Currently generates $13,618/month ($163,416/year) in income