15433 Freeman Avenue
Lawndale, CA, 90260 $ 1,090,000
Baths0.0 Monthly Estimate*
$ 6,711
Listed by Merit Real Estate
Studio for $1,090,000. The lot size is 0.2073.
Rare and prime South Bay development opportunity, ready to go! Entitlements nearly complete, sold as land 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 property 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.
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FeaturesGeneralZoning R2
HOA Fee 0
View None
Community Features Suburban
County Los Angeles
New Construction false
Property Type Land
HOA false
Special Listing Conditions Standard
Status Active
Directions from Manhattan Beach Blvd go North on Freeman just east of Hawthorne
City Lawndale
Senior Community Y/N false
MLS Area 112 - North Lawndale
Lot Size Units Square Feet
Lot Size Square Feet 9028
Listing Terms Submit
Land Lease Y/N false
Additional Parcels Y/N false
Standard Status Active
Tax Lot 4
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ExteriorWater Source Public
Inclusions plans
Lot Size Area 9028
Lot Size Acres 0.2073
Lot Size Source Assessor
Road Frontage Type City Street
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* Excluded FeaturesList ByAmir@meritrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,711
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Lawndale, CA
Average List Price $1,695,000
Percent of Sale Price 56%
About Lawndale, CA 32,799 Population
3% Since 2002
$ 54,293 Median Income
34.91 Median Age
36% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/4/2026 | $1,090,000 | | Listed Price |