$1,200,000
SOLD JUL 3, 2025

15006 Kingsdale Ave Lawndale, CA 90260

-- Bed
5 Baths
1,920 Sq Ft
6,027 Sq Ft Lot

Recently Sold

$625 Per Sq Ft

25 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Bungalow
  • Property is near a park
  • No Interior Steps
  • 2-minute walk to Jane Addams Park

About This Home

As of July 2025

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.

Last Agent to Sell the Property

Mike McKinney

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-880-2900 License #00634672 Listed on: 04/24/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Nancy Bush

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-880-2900 License #00962565

Last Buyer's Agent

Olga Wright

Lyon Stahl Investment Real Estate, Inc. License #01315042

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,027 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Level Lot

Home Design

  • Bungalow
  • Apartment
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 5 Bathrooms
  • 1,920 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Cooktop

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Assigned Parking

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • No Interior Steps
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 11 / 2
  • Tax Tract Number 4078
  • Assessor Parcel Number 4078016007
  • $2,216 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $750
  • Insurance Expense $5,246
  • Maintenance Expense $4,800
  • Other Expense $8,312
  • Professional Management Expense $7,218
  • New Taxes Expense $16,592
  • Operating Expense $42,701
  • Gross Income $120,300
  • Net Operating Income $73,990

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.17
  • Price Per Unit: 150000
  • Professional Management Expense: 7218.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: LNR1YY
  • Architectural Style: Bungalow
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 750.00
  • Parcel Number: 4078016007
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 625.00
  • Room Type: All Bedrooms Down, Kitchen

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range, Gas Cooktop
  • Heating Type: Natural Gas, Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 6027.00
  • Lot Size Acres: 0.1384

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average Studio Area: 240 Square Feet
  • Gross Income: 120300.00
  • Gross Multiplier: 9.98
  • Gross Operating Income: 116691.00
  • Gross Scheduled Income: 120300.00
  • Insurance Expense: 5246.00
  • Lot Size Area: 6027.0000 Square Feet
  • Maintenance Expense: 4800.00
  • Net Operating Income: 73990.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Number With Range: 8
  • Operating Expense: 42701.00
  • Other Expense: 8312.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 42701.00
  • Vacancy Allowance: 3609
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16592.00
  • Tax Block: 2
  • Tax Census Tract: 6039.02
  • Tax Lot: 11
  • Tax Tract Number: 4078
  • TaxOtherAnnualAssessmentAmount: 2216.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2025 07/03/25 Sold $1,200,000 0.0% $625 / Sq Ft
04/24/2025 04/24/25 For Sale $1,200,000 -- $625 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25090939

California Regional Multiple Listing Service (CRMLS)