$3,950,000
 $21,204 est/mo Sourced by Back At You

17220 Grevillea Avenue,Lawndale, CA 90260

Lawndale, CA 90260

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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).

Details

MLS #26859087
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1959
Days On Site73
Listing Provided ByShield CRE, Inc. | Jonathan Nikfarjam

Features

Bed(s)16
Bath(s)16
SQ Feet8,165
Car PortYes
Story(s)2
Units16
Building(s)1
ZoningLNR3PY
Acreage0.33

Parking

Parking FeaturesCovered

Area Information

StateCA
CountyLos Angeles
CityLawndale
Zip Code90260
Area113 South Lawndale
Listing VS Median (in 90260)
Price:
$3,950,000
low | high
Med:
$893,944
100% of Average
sqft:
8,165
low | high
Med:
1,974
100% of Average
$ / sqft:
$484
low | high
Med:
$453
56.366447365664% of Average
On site:
73
low | high
Med:
86
84.883720930233% of Average
Sourced by Back At You

Market Activity 90260

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Learn More About This Property

Ray Lago

Ray Lago

Desert Lifestyle Properties

02007780 (714) 317-6144raythedesertrealtor@gmail.com
StateCA
CountyLos Angeles
CityLawndale
Zip Code90260
Area113 South Lawndale
Listing VS Median (in 90260)
Price:
$3,950,000
low | high
Med:
$893,944
100% of Average
sqft:
8,165
low | high
Med:
1,974
100% of Average
$ / sqft:
$484
low | high
Med:
$453
56.366447365664% of Average
On site:
73
low | high
Med:
86
84.883720930233% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $2.962M - $4.937M
sqft: 6,000 - 10,000
Nearby Listings Property ImageNearby Listings Details
4550 W 173rd Property Photo 1
$4,195,000
4550 W 173rd
Lawndale, CA 90260
17000 Hawthorne Boulevard Property Photo 1
$2
17000 Hawthorne Boulevard
Lawndale, CA 90260
Listing Updated: August 21, 2026 at 11:54:01 PM PDT