Lawndale, CA 90260,17220 Grevillea AVE
Lawndale, CA 90260,17220 Grevillea AVE
Lawndale, CA 90260,17220 Grevillea AVE
$3,615,000
Est. payment /mo
$3,500,000
3.3%
Est.Price: ?

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0.33 Acres Lot
SOLD DATE : 04/15/2020

Key Details

Sold Price $3,615,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB20008541

Sold Date 04/15/20

HOA Y/N No

Year Built 1959

Lot Size 0.330 Acres

Property Description

The Dutch Arms Apartments is an outstanding investment opportunity. This low-rise apartment asset is comprised of 16 one bed/one bath units. The units are well laid out and average approximately 500 square feet each (buyer to verify), and the 8,165 total square foot building is on a large 14,411 square foot lot. The asset is master metered for utilities which is an attractive feature for today’s price conscious renter. There is an onsite laundry room and ample onsite parking.

Located in the very south tip of the City of Lawndale, the property is a stone’s throw from Torrance and Redondo Beach. Walk Score of 90! And the property is just north of the 2019 approved the South Bay Galleria Redevelopment plan. The project is anticipated to cost more than $900,000,000 and will be a “game changer” for the community. When completed, this will be the largest development project in Redondo Beach’s history (1.6 million square feet). The prospect of this redevelopment project and its positive effects on the Dutch Arms’ residents quality of life cannot be understated. This investment opportunity is perfect for both savvy new and seasoned investors alike.

Location

State CA

County Los Angeles

Area 113 - South Lawndale

Zoning LNR3PY

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban

Private Pool No

Building

Lot Description 16-20 Units/Acre, Level, Near Public Transit, Rectangular Lot, Street Level

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4081027033

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Josh Cohen • Keller Williams Beach Cities
Bought with Josh Cohen • Keller Williams Beach Cities

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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