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Lawndale, California - A City of Duplex, Triplex and Fourplex Multifamily Income Properties
Many southern California residents who live outside of the South Bay in Los Angeles County may believe they have never been to the City of Lawndale. However, any Californian who has driven the stretch of the 405 freeway between Long Beach and LAX International airport has spent a few minutes (maybe longer depending on traffic!) in the city of Lawndale, as the 405 freeway cuts directly through the city for a few miles.
Between the decades of the early 1970's and 1990's, it began transforming from a small bedroom community of single family homes into a City of duplex, triplex and fourplex multifamily income rental properties. Since this re-development, property values have not kept pace with the other cities in the South Bay and rental rates have remained lower as well.
When the South Bay's beach communities reached peak values in late 2006/early 2007, hungry investors pushed east into Lawndale. With the entire country's housing value bubble popping in 2009, the push into the city quickly disintegrated. However, now in 2014 with a slow and steady housing recovery having a tight grip on the area, the city once again is catching the eye and check books of many multifamily income property investors.
For multifamily income property investors, Lawndale could be the next frontier. With rental rates and property values skyrocketing in the neighboring cities of Manhattan Beach, Redondo Beach and Hermosa Beach, Lawndale is starting to get the attention of developers and income property investors. Geographically, the City of Lawndale is truly a jewel waiting to be shined. Location, Location, Location the motto of most successful property investors, it is impossible to look at a map and not agree that the City of Lawndale has huge potential.
Thank you for choosing TopAgentRealestate.com in your search for a duplex, triplex, fourplex or commercial apartment for sale in Lawndale.
TopAgentRealestate.com is California's #1 TopAgentRealestate property website to search thousands of TopAgentRealestate listings for sale, for rent and for lease throughout Orange County, Los Angeles and San Diego California. Find large commercial apartment buildings, duplexes, triplexes and fourplexes with TopAgentRealestate's advanced residential income property search features. The multi-family listings include in-depth descriptions, operating financials and high resolution property photos to help you get an inside look. Stay informed with our blog and be notified of new California multi-family and multi-unit residential income property listings by following our social media accounts. Email us at contact@smsold.com
