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- Listed price
- $3,850,000
- Listed Jul 13, 2026 · $472/sq ft
- Last sold price
- No recorded sale
16 beds|16 ba|8,165 sqft|14,411 sqft lot|1959 Built|86 days listed
17220 Grevillea Ave, Lawndale, CA 90260
Property Description
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).
Listing agent: Jonathan NikfarjamDRE #01856803jonathan@shieldcre.com, Listing office: Shield CRE, Inc.
MLS data updated 10/16/2026, 10:36:08 PM PT
Source: CRMLSMLS #: 26859087
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Latest asking price$3,850,000
Oct 7, 2026
Available records22026
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$3,850,000Asking price recorded · Oct 7, 2026ZIP 90260 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 2 price recordsJul 13, 2026 – Oct 7, 2026
ZIP 90260 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.