$3,850,000
16 bd · 1 ba · 8,165 sqft · 14,414 sqft lot
17220 Grevillea Ave, Lawndale, CA 90260
Multi-family · Built 1959 · $472/sqft ·
$23,580/mo est. payment
- Stories
- 2
Flood factor 1/10
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).
Facts and features
Bedrooms
- Bedrooms: 16
Bathrooms
- Total Bathrooms: 16
- Full Bathrooms: 1
Appliances
- Laundry Features: Laundry Area, Room
Garage and Parking
- Carport Spaces: 16
- Covered Spaces: 16
- Parking Features: Covered Parking
- Parking Total: 16
Land Info
- Lot Size Acres: 0.3309
- Lot Size Source: Estimated
- Lot Size Square Feet: 14411
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 16
- Unit Type: 1 BD + 1 BA
- Bedrooms in Unit-1: 1
- Total Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-1: 1
- Unit 1 Total Actual Rent: 33600
Rental Info
- Gross Income: 374593
- Gross Scheduled Income: 363355
- Vacancy Allowance: 11237
Other Property Info
- Annual Tax Amount: 48125
- Source Listing Status: Active
- County: Los Angeles
- Cross Street: 172nd Street & Grevillea Avenue
- Cap Rate: 6.09
- Directions: West of Hawthorne Boulevard, North of Artesia Boulevard, South of 172nd Street, East of Firmona Avenue
- Source Property Type: Residential Income
- Area: South Lawndale
Schools
- 7
William Green Elementary School
elementary · K-5 · 0.3 mi
- 9
Jane Addams Middle School
middle · 6-8 · 1.3 mi
- 4
Lawndale High School
high · 9-12 · 1.6 mi
T.J.'s Learning Center
elementary · K-12 · 0.1 mi
- 4
Hawthorne High School
high · 9-12 · 3.0 mi
Children First Cdc Inc
elementary · 0.5 mi
Price history
- Oct 7, 2026 · Price Changed$3,850,000
- Jul 13, 2026 · Listed$3,950,000
- Apr 15, 2020 · Sold$3,615,000
- Apr 22, 2014 · Listing Removed$1,050
- Apr 8, 2014 · Listed For Rent$1,050
- Sep 11, 1979 · Sold$279,000
Tax history
- 2025$53,719 tax · $4,032,596 assessed
- 2024$51,844 tax · $3,953,526 assessed
- 2023$49,076 tax · $3,800,008 assessed
- 2022$49,097 tax · $3,725,499 assessed
- 2021$47,893 tax · $3,652,451 assessed
- 2020$14,181 tax · $812,181 assessed
- 2019$13,733 tax · $796,257 assessed
- 2018$13,346 tax · $780,645 assessed
Home value
$4,535,158
- Quantarium$4,535,158
Where it is
Listed by Jonathan Nikfarjam · Shield CRE, Inc. · TheMLSCLAW
