17220 Grevillea Avenue, Lawndale, CA 90260
- 16 beds |
- 16 baths |
- 8,165 sqft
Multi-Family Home 
Built in 1959 
0.33acre lot
—— car garage 
$484/sqft 
Listed 2 months ago
Property 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).
- Listing Status:
- Active
- Date Added:
- July 13, 2026
- Data Last Updated:
- September 23, 2026 at 7:16AM
- Listing Office:
- Shield CRE, Inc. : 310-593-9869
- Listing Agent:
- Jonathan Nikfarjam : 310-593-9868
- MLS ID:
- 26859087
- Parking: CoveredParking spaces: 16
- General: 2
- Originating MLS: CRMLS_CL
- County: Los Angeles
- Zoning: LNR3PY4081027033
- Source: CRMLS_CL
This listing courtesy of Jonathan Nikfarjam , Shield CRE, Inc.
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
