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Listed by Michael McKinney • Lyon Stahl Investment Real Estate, Inc.
$ 1,200,000
Est. payment | /mo
1,920 SqFt
$ 1,200,000
Est. payment | /mo
1,920 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 1,920 sqft
Price per Sqft $625
MLS Listing ID CRSB25090939
HOA Y/N No
Year Built 1948
Lot Size 6,027 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property 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.
Location
State CA
County Los Angeles
Interior
Heating Natural Gas, Wall Furnace
Cooling None
Fireplace No
Laundry No Hookups
Exterior
View None
Handicap Access Other
Building
Lot Description Level, Other
Water Public
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227