About 17220 Grevillea Avenue
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).
Features of 17220 Grevillea Avenue
| MLS® # | 26859087 |
|---|---|
| Price | $3,950,000 |
| Bedrooms | 1 |
| Bathrooms | 1.00 |
| Square Footage | 8,165 |
| Acres | 0.33 |
| Year Built | 1959 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 17220 Grevillea Avenue |
|---|---|
| Area | 113 - South Lawndale |
| City | Lawndale |
| County | Los Angeles |
| Zip Code | 90260 |
Amenities
| Parking Spaces | 16 |
|---|---|
| Parking | Covered |
| Garages | Covered |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Additional Information
| Date Listed | July 13th, 2026 |
|---|---|
| Days on Market | 62 |
| Zoning | LNR3PY |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jonathan Nikfarjam |
|---|---|
| Office | Shield CRE, Inc. |