17220 Grevillea Avenue, Lawndale, CA 90260

Lawndale
Local realty services provided by:ERA Donahoe Realty
17220 Grevillea Avenue,Lawndale, CA 90260
$3,950,000
  • 16 Beds
  • 16 Baths
  • 8,165 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan nikfarjam
Office: shield cre, inc.310-593-9869
MLS#:26859087
Source:CRMLS

Price summary

  • Price:$3,950,000
  • Price per sq. ft.:$483.77

About this home

Prime South Bay Location: 16-unit apartment situated on a large 14,411-SF lot in a highly desirable Lawndale location, west of Hawthorne Boulevard, 2 blocks from South Bay Galleria and just 3 blocks from Redondo Beach. Exceptional ADU Potential: Large lot and ample parking areas present the opportunity to add up to 8 ADUs, including the potential to convert space above carport spaces into 2 new ADUs without eliminating any parking (Buyer to Verify). Strong Cash Flow & Rental Upside: 5.90% current cap rate and 10.67 GRM, with upside to a 6.64% pro-forma cap and 9.80 GRM, or a 6.52% current cap and 7.26% pro-forma cap with the implementation of RUBs. Recent Capital Improvements: Property features new main electrical, new electrical subpanels in each unit (2026), newer roof (2023), upgraded units, and recent exterior and landscaping improvements. Value-Add Utility Reimbursement Opportunity: Master-metered for gas and electricity, providing investors with the opportunity to implement...

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Home facts

  • Year built:1959
  • Listing ID #:26859087
  • Added:79 day(s) ago
  • Updated:October 01, 2026 at 12:04 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16
  • Living area:8,165 sq. ft.

Structure and exterior

  • Year built:1959
  • Building area:8,165 sq. ft.
  • Lot area:0.33 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$3,950,000
  • Price per sq. ft.:$483.77

Parking

  • Total parking spaces:16
  • Parking description:16 Carport Space(s), Covered
  • Carport spaces:16
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