17220 Grevillea Avenue, Lawndale, CA 90260

Lawndale
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
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:67 day(s) ago
  • Updated:September 19, 2026 at 01:24 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

Features and amenities

  • Laundry features:Laundry Room

Parking

  • Total parking spaces:16
  • Parking description:Covered
  • Carport spaces:16
Based on information from California Regional Multiple Listing Service, Inc. as of September 19, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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