Lawndale Apartment Complex Sale: A South Bay real estate case study
Case Study: Successful Sale of a 10-Unit Apartment Complex in Lawndale, CA
Our team at Bluechip Investment Group, led by South Bay, CA Apartment Broker Kevin Kawaoka, in collaboration with NAI Capital, successfully facilitated the sale of a 10-unit apartment complex in Lawndale, California. The property was sold for $3,190,000, equating to a price per unit of $319,000 and a price per square foot of $249.
Property Overview
Key Details
Location: 14530 Freeman Ave, Lawndale, CA 90260. South Bay, 1 block to Leuzinger High School. 1/2 block to Lawndale Elementary School District.
Sale Price: $3,190,000
Price Per Unit: $319,000
Price Per Square Foot: $249
Building Details: 2-story, 10-unit apartment complex
Building Size: 12,800 square feet
Lot Size: 8,824 square feet
Zoning: LNR3YY
Parties Involved
Seller: Anita Oakley
Buyer: Swami International
Challenges and Solutions
Insurance Compliance: The property required upgrades to both the electrical system and the roof to meet insurance standards. Our team negotiated a credit for the buyer to upgrade the electrical panel during closing and addressed the roof replacement requirement through strategic negotiations, ensuring a seamless transaction.
Seller's Investment Goals: We assisted the seller in completing a 1031 exchange, allowing for the deferral of capital gains taxes and aligning with their investment objectives.
Market Context
The Lawndale housing market has shown resilience and growth. As of February 2025, the median sale price of homes in Lawndale was $785,000, with a median price per square foot of $543. This transaction's price per square foot of $249 highlights the value proposition of multi-unit properties in the area.
SUMMARY
This successful transaction exemplifies our commitment at Bluechip Investment Group to navigating complex real estate deals with strategic acumen and proactive problem-solving. By addressing insurance compliance issues and facilitating advantageous financial arrangements, we ensured a seamless experience for both buyer and seller. Your success is our mission, and we look forward to conquering more of the South Bay real estate frontier together.
Property Location
Lawndale, CA
The property is located in the heart of Lawndale, providing easy access to local amenities and transportation routes. Less than 5 miles to Manhattan Beach.
