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17220 Grevillea Avenue, Lawndale, CA 90260

Lawndale
Local realty services provided by:CENTURY 21 Village 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:58 day(s) ago
  • Updated:September 10, 2026 at 11:20 AM

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
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Village Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Village Realty, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Andy Bencosme

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