Seller's Agent in 2025
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
4 in this area
148 Total Sales
15917 Prairie Ave Lawndale, CA 90260
13
Beds
8
Baths
5,194
Sq Ft
7,010
Sq Ft Lot Lot
Highlights
- Laundry Room
- 15 Car Garage
- Bike Trail
About This Home
As of April 202515917 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
Lyon Stahl Investment Real Est Brokerage Email: woody@lyonstahl.com License #01399621 Listed on: 12/12/2024
Co-Listed By
Lyon Stahl Investment Real Estate, Inc. Brokerage Email: woody@lyonstahl.com License #01717818
Last Buyer's Agent
Lyon Stahl Investment Real Est Brokerage Email: woody@lyonstahl.com License #01399621 Listed on: 12/12/2024
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
- Entry on the 1st floor
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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,111 | $886,714 | $293,911 | $592,803 |
| 2024 | $12,111 | $782,951 | $202,381 | $580,570 |
| 2023 | $11,542 | $767,600 | $198,413 | $569,187 |
| 2022 | $11,530 | $752,550 | $194,523 | $558,027 |
| 2021 | $11,274 | $737,795 | $190,709 | $547,086 |
| 2019 | $10,902 | $715,913 | $185,053 | $530,860 |
| 2018 | $10,670 | $701,876 | $181,425 | $520,451 |
| 2016 | $9,902 | $674,624 | $174,381 | $500,243 |
| 2015 | $9,665 | $664,491 | $171,762 | $492,729 |
| 2014 | $9,635 | $651,476 | $168,398 | $483,078 |
Source: Public Records
Agents Affiliated with this Home
-
Woody Stahl
-
Brett Lyon
Seller Co-Listing Agent in 2025
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
4 in this area
138 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24248772
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.
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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