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Listed by: Jonathan Nikfarjam (310) 593-9868 DRE #01856803 | Shield CRE, Inc. (310) 593-9869
$3,950,000
16 Beds
16 Baths
8,165sqft
17220 Grevillea Ave, Lawndale, CA 90260
$3,950,000
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Multi Family
Built in 1959
$-- HOA
14,411 sqft lot
$484/sq.ft
Description
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 Impro...
Continue Reading- Houzeo last checked: 28 minutes ago
- Listing updated: July 21, 2026 at 7:17 am
- Source: California Regional MLS-CA | MLS#: 26859087
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1959
HOA Fees
-
Finished Area
8,165 sqft
Lot Size
14,411 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26859087
MLS Status
Active
Days on Market
8
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