17202 Grevillea Avenue, Lawndale, California 90260, Lawndale, 90260 - 2 bed, 2 bath
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Lawndale, California 90260
This property presents a High-Potential Investment Opportunity with a List Price of $739,000—positioned well below the $759,791 Fair Market Value by 2%. This valuation gap offers $20,791 in Instant Equity. Featuring R3 Zoning and a multi-building layout on a corner lot, the property has a Condition Rating of 5, requiring significant renovation. This asset is ideal for Buy-and-Hold Investors or Contractors seeking to maximize density and rental income in a prime South Lawndale location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17202 Grevillea Avenue Subject | $739,000* List Price | 2 | 2 | 1,160 | $655 | - |
A 4522 W 164th Street Sold | $810,000 | 2 | 2 | 1,190 | $681 | 0.5 mi |
B 4030 W 159th Street Sold | $600,000 | 3 | 1 | 1,052 | $570 | 1.0 mi |
C 4703 W 169th Sold | $825,000 | 3 | 1 | 1,048 | $787 | 0.3 mi |
D 4556 W 164th Street Sold | $625,000 | 2 | 1 | 779 | $802 | 0.5 mi |
E 4736 W 169th Pending | $750,000 List Price | 2 | 2 | 968 | $775 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1951 and marketed as a redevelopment opportunity needing significant TLC. While some rooms show minor cosmetic updates like laminate flooring and paint, the kitchens and bathrooms are severely dated (30+ years), and the overall property requires a full rehab to address aging systems and structural aesthetics.
The R3 zoning on a corner lot provides exceptional redevelopment opportunities or the ability to maximize the property's footprint for increased density in a sought-after area.
With three separate buildings on one lot, the property offers unique flexibility for multi-generational living, significant rental income potential, or a creative investment strategy.
Ideally situated just two blocks from the South Bay Galleria, the property benefits from high walkability to premier shopping and dining plus easy access to major transportation corridors.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1160, other record living area = 998.
The property requires significant 'TLC' and updating, which will necessitate a substantial upfront capital investment for repairs and modernization.
Having been held by the same owner for nearly 30 years, the 1951-built structures likely feature aged systems and finishes that do not meet current market expectations without a full overhaul.
First time on the market in almost 30 years! Incredible opportunity to own this unique multi-building property situated on a nice corner lot in desirable South Lawndale. Featuring 3 buildings on one lot with R3 zoning, this property offers tremendous potential for multi-generational living, rental income, redevelopment, or investment opportunities. Property needs TLC and updating, but presents endless possibilities for savvy investors, flippers, or owner-users looking to add value. Conveniently located just 2 blocks from the South Bay Galleria, with nearby shopping, dining, and easy access to major freeways. Rare opportunity with strong upside potential in a sought-after location!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,160 | 1,117 | 50% |
| Lot Size | 5,801 | 5,001.5 | 79% |
| Price | $739.0K | $822.5K | 33% |
| Price per sq ft | $637 | $635 | 50% |
| Built year | 1951 | 1953 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 160 | 4% |
May 12, 2026
$739,000
Initial Listing
Feb 4, 1998
$148,500
Public Record