26
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$2,395,000
Est. payment /mo
6,992 SqFt
New
406 S Grevillea Avenue Inglewood, CA 90301
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,992 sqft
Price per Sqft $342
MLS Listing ID CL25617197
HOA Y/N No
Year Built 1926
Lot Size 7,500 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
We are thrilled to present an exceptional investment opportunity at 406 South Grevillea Avenue, a 12-unit multifamily property located in the heart of North Inglewood. This asset is perfectly positioned at the crossroads of one of Southern California's most dynamic urban transformations, just moments from SoFi Stadium, The Forum, Intuit Dome, and the rapidly evolving Downtown Inglewood. The property features a desirable mix of One-Bedroom and Studio units (One beds converted from large Studios), each individually metered for gas and electricity - an operational advantage that keeps expenses low and margins high. What truly sets this offering apart is its financial performance. With a cap rate of 7%, this is one of the most attractive returns currently available in the Inglewood market. The GRM stands at a compelling 9.72, and the price per unit, just $199,583, is a rare value in a city where multifamily pricing continues to climb. Add to that a projected rental upside of approximately 15%, and you have a cash-flowing asset with built-in growth potential. Inglewood itself is undergoing a renaissance, fueled by billions in infrastructure, entertainment, and commercial development. From the Crenshaw/LAX Metro Line to new retail corridors and world-class venues, the city is transform
Location
State CA
County Los Angeles
Zoning INC2
Interior
Heating Forced Air
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 4021018015
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Listed by Joshua Cohen • Keller Williams Realty
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289
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