This exceptional Lawndale investment opportunity encompasses two parcels totaling 0.94 acres on Hawthorne Boulevard, boasting 146 feet of frontage and a 281-foot depth. The property includes a 20-space mobile home park (AP# 4077-010-004) situated on 21,859 square feet, currently featuring 11 rented and 9 readily rentable spaces, offering immediate cash flow. A 2-bedroom single-family home is located at the entrance of the park. The second parcel (AP# 4077-010-005), covering 18,999 square feet, houses a vacant 1,200 square-foot former auto repair shop ("Best Lube N Tune") and additional vacant land. The property's prime location in central Lawndale provides easy access to major employment centers including El Segundo, Hawthorne, Torrance, Inglewood, LAX, the Port of Long Beach, SoFi Stadium, and SpaceX, all conveniently served by nearby freeways. This presents a unique chance to capitalize on existing rental income while exploring significant development potential in a high-demand area. The total land area is 40,858 square feet, with existing structures totaling 2,571 square feet. This is a rare opportunity to acquire a substantial property with immediate cash flow and significant long-term upside.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$513,658
6.5%
$474,146
7%
$440,278
Comparable approach
Method
Valuation
Relative Method
$512,690
Geo Method
$512,690
Alternative Use
Use
Valuation
Residential
$474,146
Hospitality
$434,315
Educational
$361,345
Medical
$373,772
Retail
$562,092
Location Insight
City
Lawndale
County
Los Angeles
State
California
Latitude
33.8993
Longitude
-118.352
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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