$1,900,000
SOLD APR 24, 2025

15917 Prairie Ave Lawndale, CA 90260

13 Beds
8 Baths
5,194 Sq Ft
7,010 Sq Ft Lot

Recently Sold

$366 Per Sq Ft

57 Days on Market

Highlights

  • Laundry Room
  • 15 Car Garage
  • Bike Trail

About This Home

As of April 2025

15917 Prairie Ave is an excellent investment opportunity in the heart of Lawndale, featuring an 8-unit apartment building with a diverse unit mix. The property includes six 2-bedroom, 1-bathroom units, one 1-bedroom, 1-bathroom unit, and one studio unit, offering versatility for tenants and strong rental demand. Tenants will also benefit from ample parking, with 15 total garage spaces providing unmatched convenience.This property presents significant upside potential, boasting an 8.02% market CAP rate and an 8.85 market GRM with potential to maximize income through eligible 8.9% rent increases for every unit, making it an attractive option for investors looking to maximize returns. Priced at $237,500 per unit and $271 per square foot, it offers exceptional value with room for growth. It also features a new roof that was replaced in 2024. Conveniently located right across the street from Alondra Park Golf Course, the property is situated in a desirable area that enhances its appeal for tenants.Don’t miss this chance to own a high-performing investment property in a prime Lawndale location with excellent long-term potential!

Last Agent to Sell the Property

Woody Stahl

Lyon Stahl Investment Real Est Brokerage Email: woody@lyonstahl.com License #01399621 Listed on: 12/12/2024

Lyon Stahl Investment Real Est

Co-Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. Brokerage Email: woody@lyonstahl.com License #01717818

Last Buyer's Agent

Woody Stahl

Lyon Stahl Investment Real Est Brokerage Email: woody@lyonstahl.com License #01399621 Listed on: 12/12/2024

Lyon Stahl Investment Real Est

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 7,010 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 15 Car Garage
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 5,194 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tax Lot 172
  • Tax Tract Number 7422
  • Assessor Parcel Number 4074025017
  • $2,544 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Recreation

  • Bike Trail

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $6,493
  • Maintenance Expense $5,064
  • Other Expense $6,800
  • Professional Management Expense $6,330
  • New Taxes Expense $25,760
  • Operating Expense $51,646
  • Gross Income $120,270
  • Net Operating Income $68,624

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

15

Listing Details

  • CapRate: 3.61
  • Price Per Unit: 237500
  • Professional Management Expense: 6330.00
  • Property Attached: Yes
  • Zoning: LNR4YY
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4074025017
  • Year Built: 1986
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 365.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 15.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 15.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7010.00
  • Lot Size Acres: 0.1609

Multi Family

  • Gross Income: 120270.00
  • Gross Multiplier: 8.85
  • Gross Operating Income: 120270.00
  • Gross Scheduled Income: 126600.00
  • Insurance Expense: 6493.00
  • Lot Size Area: 7010.0000 Square Feet
  • Maintenance Expense: 5064.00
  • Net Operating Income: 68624.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 51646.00
  • Other Expense: 6800.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 51646.00
  • Vacancy Allowance: 6330

Tax Info

  • New Taxes Expense: 25760.00
  • Tax Census Tract: 6041.01
  • Tax Lot: 172
  • Tax Tract Number: 7422
  • TaxOtherAnnualAssessmentAmount: 2544.00

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
04/24/2025 04/24/25 Sold $1,900,000 0.0% $366 / Sq Ft
02/07/2025 02/07/25 Pending -- -- --
12/12/2024 12/12/24 For Sale $1,900,000 -- $366 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Woody Stahl

    Seller's Agent in 2025

    Woody Stahl

    Lyon Stahl Investment Real Est

    (310) 710-3829

    4 in this area

    154 Total Sales

    Woody Stahl
    Section Image
  • Brett Lyon

    Seller Co-Listing Agent in 2025

    Brett Lyon

    Lyon Stahl Investment Real Estate, Inc.

    (310) 780-1899

    4 in this area

    144 Total Sales

    Brett Lyon
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24248772

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Lawndale 90260

15917 Prairie Ave, Lawndale, CA

This home is located at 15917 Prairie Ave, Lawndale, CA 90260 and is currently priced at $1,900,000, approximately $365 per square foot. This property was built in 1986. 15917 Prairie Ave is a home located in Los Angeles County with nearby schools including William Anderson Elementary School, Will Rogers Middle School, and Leuzinger High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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