Lawndale Value Add Duplex 4522 W 167th St

Major value-add project waiting for the right savvy investor to bring a vision to this property. Two-on-a-lot plus large 3 car garage in shell condition located in the best part of South Lawndale. Plans included for remodel plus addition of existing structures were previously approved by the city as well as in-process plans for conversion and addition of the 3 car garage into a 3 bed/2 bath ADU. Finished unit mix will yield 3 separate homes on the lot with one 2 bed/1 bath unit, one 1 bed/1 bath unit, and one 3 bed/2 bath ADU. Driveway parking to remain. Approximately 2100 of finished square footage once complete. One block to William Green Elementary School and only a few blocks from the South Bay Galleria and Redondo Beach. Existing homes show square footage of 936 and are not inhabitable. Will not qualify for conventional financing. The city of Lawndale has indicated that the previously approved plans can be resubmitted and approved with minimal additional work. Property is being sold “as-is,” with no warranties, express or implied. Buyer to do their own due diligence with respect to zoning, permitted square footage, and feasibility of any improvements planned. Seller makes no representations as to square footage, room count, permits, or code compliance of the property. GRM and Cap rate based on post-construction rents.