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Listed by: Jonathan Nikfarjam (310) 593-9868 DRE #01856803 | Shield CRE, Inc. (310) 593-9869
$3,850,000
Monthly Est:$19,163
16 Beds
16 Baths
8,165sqft
17220 Grevillea Ave, Lawndale, CA 90260
$3,850,000
$19,163/moEst:
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Multi Family
Built in 1959
$-- HOA
14,411 sqft lot
$472/sq.ft
Description
Price Reduced by $100,000! 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: 6.09% current cap rate and 10.40 GRM, with upside to a 6.85% pro-forma cap and 9.55 GRM, or a 6.72% current cap and 7.48% 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 RUBs to recapture utility expenses and improve operating efficiency. Favorable Property Attributes: On-site laundry facility, 16 parking spaces, and no local rent control (AB 1482 only).
- Houzeo last checked: 2 hours ago
- Listing updated: October 7, 2026 at 4:32 pm
- 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
108
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 16
Bathrooms: 16
Utilities & Energy
Parking Features
Covered
Laundry Features
Laundry Room
Price History
| Date | Event | Price |
|---|---|---|
07/13/2026 Source: | Listed for Sale | $3,950,000 +2.60% $484/sqft |
07/13/2026 Source: | Price Increased | $3,850,000 +6.50% $472/sqft |
04/15/2020 Source: | Sold | $3,615,000 $443/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 29, 2026, 02:15PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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