17226 Grevillea Ave - Apartments FOR SALE


Lawndale, CA 90260
$5,900,000 USD
424-239-5903
17226 Grevillea Ave, Lawndale, CA for Sale
$5,900,000 USD
Apartments - FOR SALE
1/6
null | 5.46% Cap Rate

17226 Grevillea Ave
Lawndale, CA 90260


HIGHLIGHTS

  • Rare Multi-Parcel Configuration
  • Established Portfolio with Value-Add Potential
  • Proximity to Pending South Bay Social Distrcit Development

OVERVIEW

17226-17304 Grevillea Avenue represents a unique three-building apartment community that has been thoughtfully managed under single ownership since its construction in 1979. The three properties sit on adjacent parcels along Grevillea Avenue in one of Lawndale’s most established residential neighborhoods. The property is 100% two-bedroom, one-bathroom apartments averaging approximately 788 square feet—substantially larger than newer construction in the area. This generous square footage provides residents with comfortable living spaces and gives future owners the flexibility to upgrade units with modern finishes, in-unit laundry connections, and contemporary amenities that can command significantly higher rents. Current ownership has maintained professional management with stable occupancy and long-term tenant relationships. On-site laundry facilities serve all residents, with potential to upgrade or add in-unit connections as part of a value-add program.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$312 USD /SF

# OF UNITS

24

PRICE/UNIT

$245,833

CAP RATE

5.46%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

17226-17304 Grevillea Avenue

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,623 SF

ZONING

LNR3PY

APN/PARCEL ID

4081-027-032

ASK ABOUT THIS PROPERTY

Steffan BraunlichBerkadiaMore Info
424-239-5903

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Steffan BraunlichBerkadiaMore Info
424-239-5903

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.