15006 Kingsdale Avenue
Lawndale, CA 90260
0.14 acres | #SB25090939
Description
Prime Lawndale location: 8-Unit Investment Opportunity located just west of Hawthorne Boulevard and minutes from Manhattan Beach and El Segundo in a high-demand rental market. The property consists of eight studio units, equipped with a kitchen and 3/4 bathroom. The property delivers a strong current income with a 6.17% CAP rate, (a 6.8% CAP without professional management), and a 9.98 GRM.
Recent upgrades include a newer roof, fresh slurry coat on the driveway, and copper plumbing reducing future maintenance costs and enhancing long-term value.
Ideally situated near major employment centers and retail destinations like Manhattan Beach Village, The Point in El Segundo, Costco, and Best Buy. The central location also enjoys proximity to LAX, El Segundo tech and aerospace hubs, and beachside communities. With easy access to the 405, 105, and 91 freeways, tenants enjoy many conveniences.
With a Walk Score of 88, this location is considered “Very Walkable,” giving residents access to local shops, dining, and transit options. The property is not subject to local rent control and is governed only by California’s Tenant Protection Act SB 1482. 15006 Kingsdale Avenue presents a solid and stable asset in one of the South Bay’s desirable submarkets.
Property Details
- Utility FeaturesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
- Lot DescriptionNearPark, NearPublicTransit, StreetLevel
- InteriorCeilingFans, AllBedroomsDown
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$1,200,000
- MLS #SB25090939
- MLS #SB25090939
- Property SubtypeApartment
- Cost1200000
- Acres0.1384
- Utility SourcePublic
- Year Built1948
- Stories1
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Michael McKinney (#SMCKIMIC)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#SB1310620)
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