Description

Wow, check the lot size on this 7-unit property consisting of one single-family house and three duplexes! With a nearly 25,000 sq ft flat lot, the possibilities for future development are varied. 4326 W. 149th St. is not your typical Lawndale apartment complex. Each unit has an outdoor patio or yard space with a private garage. The six duplex apartments have three bedrooms with 1.5 baths. The two-bedroom single-family house has a two-car detached garage and a private yard. All units are leased to long-term tenants on a month-to-month basis. Rents are current and below market and are scheduled for a $100-per-unit rent increase on July 1, 2026. The property offers easy access to several freeways and is close to the amenities of the Beach Cities, making it a desirable location for tenants and a savvy purchase for investors. The cap rate is 4.8% without the property management fee of $9,300, and will surpass 5% with the upcoming July rent increase. PLEASE respect the tenants' privacy, and DO NOT WALK THE PROPERTY. Showings may be scheduled with the listing agent upon submission of a written offer AND proof of funds and/or loan pre-approval. Thank you for your cooperation.