17220 Grevillea Ave | Image 1
17220 Grevillea Ave | Image 2
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17220 Grevillea Ave | Image 7

$3,950,000

For Sale

17 days ago

17220 Grevillea Ave, Lawndale, CA

House

MLS® 26859087

16 Bed

16 Bath

8165 sqft

16 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 8165 sqft
Garage 
Taxes 
Days Active 17
Lot Size 0.3308 Acres
Approx. Age 1959
Avg. Price Per Sqft $483
MLS® Number 26859087

Property Address: 17220 Grevillea Ave, Lawndale, CA, 90260

Average square foot calculated using Size range provided by listing agent.

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 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).
MLS® Number26859087
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1959
Basement
DrivewayCovered
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 13, 2026List Date
$3,950,000List Price
  • Commute

Commute

Starting Address
Destination Address
17220 Grevillea Ave, Lawndale, CA

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