The first thing you notice at 14605 Osage Avenue is the exceptional parking: a gated underground garage with two assigned spaces per unit — a rare amenity in the South Bay that immediately elevates tenant demand. This four-story, well-maintained apartment building contains 11 two-bedroom, two-bathroom units across 13,888 square feet on a 9,888-square-foot lot. Upper-floor residences take advantage of vaulted ceilings, creating an airy, open feel that contrasts with the efficient, renter-friendly floorplans below.
Owners have modernized core systems and interiors: each unit features updated kitchens and bathrooms finished with quartz countertops, and living areas are in good condition throughout. Coin-operated laundry on-site adds convenience and an ancillary income stream, while wood-frame construction and a flat roof keep maintenance straightforward for an investor-minded buyer. The building’s layout and existing tenant occupancy simplify transitions for an owner-operator or portfolio manager seeking immediate cash flow.
Financially, the property performs like a classic South Bay multi-family asset. Current rental comps in the building show units leasing near $2,400/month; using a conservative 5% vacancy allowance and a 35% operating expense ratio, the income approach supports an estimated valuation midpoint of $2,650,000. Recent nearby sales of multi-family buildings on Osage Avenue confirm strong investor appetite and healthy price-per-square-foot benchmarks.
Location is practical and compelling: walkable access to Lucille J. Smith Elementary (0.5 miles), Will Rogers Middle (0.6 miles), and Leuzinger High (0.2 miles) makes this property appealing to families and long-term tenants. Alondra Park and South Bay Galleria are both a short drive away, offering recreation and shopping options that support stable occupancy. With limited inventory for multi-family assets in Lawndale and steady appreciation across the corridor, this property presents a balance of immediate rental yield and long-term upside.
Investors will appreciate a clean operating profile, strong parking allocation, updated unit finishes, and a location that benefits from South Bay fundamentals. Bring financials and a plan for hands-on management — this asset is positioned to reward an investor who can preserve occupancy and optimize rents in a market that continues to favor multi-family ownership.