16-Unit Apartment
For Sale
$3,850,000
17220 Grevillea Avenue, Lawndale, CA 90260
Lawndale apartment property near South Bay Galleria with upgraded units, parking, and on-site laundry.
Property Size8,165 SF
Lot Size0.33 Acres
Price / SF$471.52
Days on Market103
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 17220 Grevillea Avenue
General Information
Standard status
Active
Size
8,165 SF
Total Parking Spaces
16
Lot size
0.33 Acres
Property subtype
Multi-family
Financials
Cap Rate
5.9%
Gross Rent Multiplier
10.67
Additional Details
Utilities to Site
Yes
Multifamily Units
16
Amenities
on-site laundry facility
Building Details
Year Built
1959
Listing Agency:
Shield CRE,Inc.
Listed By:
Jonathan Nikfarjam · License #01856803
(310) 880-6807
Source:
Sevengables
Added: Jul 5
Changed: Oct 15
Last Checked: Oct 14 at 11:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shield CRE,Inc.
Investment Insights
Based on property information with market context.
This 16-unit apartment property in Lawndale includes 8,165 SF on a 14,411-SF lot and was built in 1959. Recent work includes a newer roof completed in 2023, new main electrical service, 2026 electrical subpanels for each unit, unit upgrades, and exterior and landscaping improvements. An on-site laundry facility and 16 parking spaces add practical resident amenities.
The property is located at 17220 Grevillea Avenue, west of Hawthorne Boulevard, two blocks from South Bay Galleria and three blocks from Redondo Beach. Its master-metered gas and electricity systems support a potential RUBs program for utility reimbursement. The site and parking areas may also support up to 8 ADUs, including two possible units above the carports without removing parking, subject to buyer verification. Current performance is reported at a 5.90% cap rate and 10.67 GRM, with additional pro-forma scenarios provided in the source information.
The property is located at 17220 Grevillea Avenue, west of Hawthorne Boulevard, two blocks from South Bay Galleria and three blocks from Redondo Beach. Its master-metered gas and electricity systems support a potential RUBs program for utility reimbursement. The site and parking areas may also support up to 8 ADUs, including two possible units above the carports without removing parking, subject to buyer verification. Current performance is reported at a 5.90% cap rate and 10.67 GRM, with additional pro-forma scenarios provided in the source information.
Key Highlights
- 16‑unit apartment property on a 14,411‑SF lot with 8,165 SF
- 5.90% current cap rate and 10.67 GRM; pro‑forma scenarios include 6.64% cap and 9.80 GRM
- Potential for up to 8 ADUs, including 2 above carports without eliminating parking; buyer to verify
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,381
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,627,620
$2.6M
Cap Rate 7%
$1,876,871
$1.9M
Cap Rate 9%
$1,459,789
$1.5M
Market Conditions
NOI Build-Up for 8,165 SF
Gross rent
$259.6K $31.80/SF
− Vacancy
−$20.8K −$2.54/SF
EGI
$238.9K $29.26/SF
− OpEx
−$107.5K −$13.17/SF
NOI
$131.4K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,627,620
Cap Rate 7%
$1,876,871
Cap Rate 9%
$1,459,789
Alternative Uses
Best Use
Apartment 5plus
$1.88M
$1.64M – $2.19M
NOI $131,381 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.37M
$3.83M – $5.10M
NOI $306,006 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
16
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,574
Businesses Nearby
Explore this area
Business Placement
Demographics for 90260, CA
33,338
Population
10,787
Households
3.1
Avg Household Size
36
Median Age
23%
College-Educated
75%
High-School Grad
2.5 sq mi
ZIP Area
13,335
Density / Sq Mi
$86,736
Median Household Income
$38,183
Median Earnings
$1,877
Median Rent
$745,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Lawndale apartment property near South Bay Galleria with upgraded units, parking, and on-site laundry.
Where is this apartment building located?
The property is located at 17220 Grevillea Avenue Lawndale, CA.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: 16‑unit apartment property on a 14,411‑SF lot with 8,165 SF; 5.90% current cap rate and 10.67 GRM; pro‑forma scenarios include 6.64% cap and 9.80 GRM; Potential for up to 8 ADUs, including 2 above carports without eliminating parking; buyer to verify
