4559-4565 W 159th St, Lawndale, CA 90260

4559-4565 W 159th St, Lawndale, CA 90260

Lawndale, CA

Property Description

We are pleased to present this 8 unit building in the owner-friendly city of Lawndale, CA. This property is a turn-key asset with great day 1 cash-flow. It is currently operating at a 5.3% CAP and a 13.29 GRM. It contains 8 one bedroom/one bath units that are all one story which makes it very easy to manage. All of the unit interiors have been remodeled. Also, the property is technically two side by side 4 plexes so an investor can qualify for favorable residential financing. There is ample parking for all units and the building sits on a huge lot of almost 11,000 Sqft so added development could be an option. Lastly, rents can be raised 10% every year due to the Lawndale location.

Property Features

  • Sale Price: $2,800,000
  • Area Size: 4,288 Sq. Ft.
  • Land Area: 10,930 Sq. Ft.
  • Year Built: 1957
  • Listing Date: 6/2/2023
  • Units: 8
  • Current GRM: 13.29
  • Current Cap Rate: 5.3%
  • Current NOI: $148,198