
Lawndale, California 90260
This property presents a High-Potential Investment Opportunity with a List Price of $1,090,000—positioned above the $867,782 Fair Market Value. While the current structure has a Condition Rating of 6 and is non-habitable, the 9,028 sqft lot and shovel-ready development plans for a multi-unit project offer significant upside. By bypassing 14 months of municipal bureaucracy, developers can immediately initiate construction on the proposed three-unit layout. This is a strategic Asset for Buy-and-Hold Investors and Developers seeking to capitalize on high-demand South Bay rental inventory.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15433 Freeman Avenue Subject | $1,090,000* List Price | 3 | 2 | 1,033 | $840 | - |
A 3760 W 157th Street Sold | $830,000 | 3 | 1 | 1,026 | $809 | 0.6 mi |
B 15522 Yukon Avenue Sold | $925,000 | 3 | 1 | 1,074 | $861 | 0.8 mi |
C 14801 Firmona Sold | $943,000 | 3 | 2 | 1,159 | $814 | 0.7 mi |
D 15341 Osage Active | $929,999 List Price | 3 | 2 | 1,100 | $845 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1952 and explicitly described as not habitable, this property is over 70 years old with no renovations. It is being marketed as a shovel-ready development project for land value only.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9028, living area = 1033.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Rare and prime South Bay development opportunity, ready to go! Existing SFR is not habitable. Entitlements nearly complete, sold with plans. Attention investors, developers & savvy Buyers: skip the 14-month headache with the city, and jump right into a highly lucrative, shovel-ready development project! Located in the highly coveted "Golden Lawndale" area, this property is being sold as-is with fully articulated, nearly completed architectural, structural, and civil plans. The current owner has spent the 14 months navigating the rigorous municipal pipeline, so that you don’t have to. Time is money, after all. This meticulously designed project maximizes the lot's high-yield potential with a multi-unit layout, perfect for a high-income rental portfolio or a multi-generational compound. The proposed project is comprised of: Front Unit: A beautifully remodeled version of the existing main house. 3 bedrooms, 2 baths, complete with its own brand-new detached garage. Middle Unit: A brand-new, spacious 3 bed 2 bath unit, featuring its own attached 2-car garage. Rear Unit (ADU): A brand-new, private 3 bed 2 bath Accessory Dwelling Unit (ADU) accompanied by 2 dedicated guest parking spaces on site. This project is just steps from the finish line, with full planning approval, building and safety approval, and plan check approved from engineering. The project is just waiting for one sign-off from Public Works in order to be "ready to issue" permits. This unbeatable "Golden Lawndale" location is positioned in one of the most resilient and high-demand coastal-adjacent pockets of Southern California. Truly an opportune place to live for a family compound, or a long-term investment property. Just minutes from the premier shores of Manhattan Beach, Hermosa Beach, and Redondo Beach. Enjoy world-class dining, shopping, and coastal vibes right in your backyard. Also, a tech & aerospace hub, exceptionally close to major employment powerhouses, including SpaceX, Northrop Grumman, Raytheon, and the booming Silicon Beach tech corridor. Commuter friendly, with easy access to the 405 and LAX, making it an ideal location for tenants or future buyers. Save yourself over a year of holding costs, design fees, and bureaucracy. The heavy lifting is done—bring your contractor and cash in on the incredible upside of this South Bay gem. Plans available for review upon qualified request.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,033 | 1,145 |
| Lot Size | 9,028 | 5,433.5 |
| Price | $1.09M | $830.5K |
| Price per sq ft | $1.1K | $680 |
| Built year | 1952 | 1952 |
| HOA | $0 | $0 |
| Days on market | 37 | 71 |
Jun 15, 2026
$1,090,000
Initial Listing
Apr 17, 2025
$800,000
Public Record
Jun 3, 1997
$65,000
Public Record