$415,000 16018 Grevillea Avenue Lawndale, CA

MLS: PW20112617   Type: Pending   County: Los Angeles   City: Lawndale   Area: South Lawndale   Zip: 90260  

Mortgage $1,948 /mo



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16018 Grevillea Avenue is an extremely rare triplex development opportunity in Lawndale, California. The development is fully planned and permitted, and foundations have been poured.* This offering presents an excellent opportunity for an investor to complete the development project and reap the benefits of a brand new triplex in the inland South Bay; as planned, the value of the finished triplex is estimated to be $1.12 Million. 16018 Grevillea Avenue consists of a 4,828-square foot corner lot zoned LNR2YY. Current development plans call for the construction of three single-story single-family homes with vaulted ceilings and tankless water heaters. Plans for Unit 1 detail a 763-square foot, two-bedroom/one-bath home with a covered porch, a front yard, and a detached single-car garage. Plans for Unit 2 depict a 446-square foot one-bedroom/one-bath home, and Unit 3 would be a 555-square foot two-bedroom/one-bath home. Units 2 and 3 would share a driveway. The property is located conveniently near the Hawthorne Boulevard on and off-ramps to the 405 Freeway, as well as Manhattan Beach Boulevard, giving tenants easy access to nearby beach cities. Just two development projects with three or more units have been completed in Lawndale since 2000, the most recent being a triplex built in 2008, making this a truly rare investment opportunity in a desirable South Bay market.

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Price History

6/11/2020 Listed $415,000

Association Y/N No
Co-Listing Agent Last Name David
Co-Listing Agent Last Name O'Keefe
Co-Listing Agent State License # 01928739
Co-listing Agent David O'Keefe - BRE#01928739
Community Features Suburban
Directions South of the 405 & West of Hawthorne Blvd. Corner of Grevillea & 161st
HOA Fee 0.00
Listagentaor Pacific West
Listing Agent Steven Bogoyevac - BRE#01332755
Listing Agent State License 01332755
MLS Area 113 - South Lawndale
Price Per Square Foot 85.94
Senior Community Y/N No
Source System CRMLS
Special Listing Conditions Standard
View None
Zoning LNR2YY

Exterior Features

Land Lease Y/N No
Lot Features Corner Lot, Rectangular Lot
Lot Size Acres 0.1109
Lot Size Area 4829.0000
Lot Size Source Assessor
Lot Size Square Feet 4829.00
Lot Size Units Square Feet
Water Source Public

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Property vs Zip Code Avg (90260)

Price 415K Avg 728K

Acres 0.1109 Avg 0.39

Visits 51 Avg 52

Days on Site 104 Avg 95

Walkscore® 74 Avg 84

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Steven Bogoyevac with Steven M. Bogoyevac, Broker.

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Location & Address

J Valen RE Team

Los Angeles, CA