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15003 Larch
For Sale $1,799,000
$1,799,000
- Units
- Unknown Sq Ft
- 21,137 Sq Ft
- Unknown Cap Rate
Description
Prime Development Opportunity in Lawndale – Half Acre Lot
Unlock the potential of this prime half-acre property in the heart of Lawndale, perfectly positioned for redevelopment. Currently configured with 16 studio units with shared kitchen and baths and a 1-bedroom home, the property generates $13,618/month in income ($163,416 per year), providing immediate cash flow while you plan your next steps.
With Medium Density Residential zoning combined with the AB 1287 density bonus, the site has the potential to accommodate up to 19 residential units, including 2 units set aside for affordable housing, delivering a projected income of $531,000 per year or more.
A Property Due Diligence Report has been prepared by a professional entitlement company, confirming the site’s development potential and guiding future permitting. This is a rare opportunity to earn income now while preparing to execute a lucrative development plan in a high-demand Los Angeles County location. Opportunity awaits for investors and developers ready to maximize a rare SoCal development site. Ask for the Offering Memorandum and The Due Diligence Report that researched this property's highest and best use.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,799,000 |
| Property Type | Hotel & Restaurants |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1951 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4077022016 |
| MLS # | SB26057243 |
| Property ID | 322698765 |
| Lot Sqft | 21,137 |
| Zoning | Unknown |
| Days on Market | 108 |
| Original List Price | $2,000,000 |
| Date Updated | June 18, 2026 |
| Date Created | March 24, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Carol Anne Mills an agent of . Lic #01336814
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of June 18, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT