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17220 Grevillea Ave
Lawndale, CA 90260

$3,950,000 USD

Apartments For Sale • 8,165 SF

Property Details

Property Type Apartments
Total Building Size 8,165 SF
Lot Size 0.33 AC
Building Class C
Year Built 1959
Cap Rate 5.90 %
Zoning LNR3PY

60 Transit Score

60 Walk Score

                
                    Highlights
                
                                16-Unit Investment Opportunity in Lawndale – Located 2 Blocks from South Bay Galleria & 3 Blocks from Redondo Beach | Large 14,411-SF Lot
                            
                                New Main Electrical & Each Unit Contains New Electrical Subpanels (2026) | Roof Replaced in 2023 | No Local Rent Control – Defaults to AB 1482
                            
                                5.90% Current Cap Rate & 10.67 Current GRM | 6.64% Pro-Forma Cap Rate & 9.80 Pro-Forma GRM | Recent Exterior & Landscaping Improvements
                            
                                Large Lot & Parking Areas Present Potential to Add Up to 8 ADUs | Upgraded Units, On-Site Laundry Facility & Total of 16 Parking Spaces
                            
                                Plans In-Place to Convert Area Above Carports into 2 New ADUs Without Eliminating Any Parking Spaces (Buyer to Verify)
                            
                                Master Metered for Gas and Electricity – Offering Investors Value-Add Opportunity to Implement RUBs & Reduce Operational Expenses

Financial Summary (Actual)

Net Operating Income: $233,147 USD (2025)

Cap Rate:	5.90 %
Total Expenses:	$130,208 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Santorini - Dutch Arms

Amenities

Laundry Facilities

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	14 min	-	8.3 mi
Long Beach (Daugherty Field)	18 min	-	13.0 mi
Bob Hope	45 min	-	32.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	16
Type:	Covered
Included in Rent:	Yes

Jonathan Nikfarjam 310-593-9868 Shield Commercial Real Estate

17220 Grevillea Ave Lawndale, CA 90260