17220 Grevillea Avenue

Property Overview

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).

Home Details

Property type: Residential Income
Year built: 1959
Living area: 8,165 sq ft
Lot size: 14,411 sq ft
Parking: 16 spaces
Carport: 16 spaces
Stories: 2
Days on market: 86
MLS status: Active
Zoning: LNR3PY

Features & Amenities

Parking

Covered

Location & Neighborhood

Lawndale, CA 90260

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Frequently Asked Questions About 17220 Grevillea Avenue

Property type: Residential Income

The current asking price is $3,850,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 17220 Grevillea Avenue. Our team will confirm availability and timing.

This 16 bedrooms and 16 bathrooms property offers approximately 8,165 square feet of living space. It was built in 1959. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Lawndale, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Lawndale property.

The MLS currently reports the property as Active. It has been listed for 86 days. Status can change, so verify availability before relying on it.

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