4526 167Th StLawndale, CA 90260

This exceptional investment opportunity presents a charming, two-unit apartment building situated on a sizable 5,800 square foot lot in the desirable Lawndale, California neighborhood, just west of Hawthorne Boulevard and a short distance from Redondo Beach. The property, built in 1939, features a 1-story building with a total net rentable area of 5,800 square feet. The unit mix includes one 2-bedroom, 1-bathroom unit and one 1-bedroom, 1-bathroom unit, each offering tenants privacy with its own private yard and garage. There are no shared interior walls between the units, simplifying management and enhancing tenant satisfaction. The asking price is $795,000, representing a price per unit of $397,500 and a land value of $629.95 per square foot. The property boasts a current NOI of $25,969, translating to a 3.27% cap rate. Pro-forma projections indicate a NOI of $30,555 and a 3.84% cap rate, showcasing significant upside potential. The property is zoned LNR2YY and its APN is 4081-019-013. This property offers a compelling combination of strong cash flow, attractive location, and significant potential for appreciation, making it an ideal addition to any investment portfolio.