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$3,850,000

17220 Grevillea Avenue

Lawndale, CA 90260

Active

Beds

Baths

8,165

Sq. Ft.

1959

Year Built

Los Angeles

County

ResidentialIncome

Property Type

About this home

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).

Listed by Jonathan Nikfarjam · DRE #01856803 · Shield CRE, Inc.

MLS #1176951496

ListedJul 13, 2026

Property Details

Architecture

Stories2

StyleN/A

Total Units16

RoofN/A

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingN/A

FireplaceN/A

LaundryLaundry Room

Parking FeaturesCovered

Parking Total16

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size0.33 ac

Lot FeaturesN/A

ViewN/A

DirectionsWest of Hawthorne Boulevard, North of Artesia Boulevard, South of 172nd Street, East of Firmona Avenue

Community

Area113 - South Lawndale

School DistrictN/A

Tax & Financial

TermsN/A

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$20,491/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 8:45 PM

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