26
See all 26 photos
$2,395,000
Est. payment /mo
5 Beds
12 Baths
6,992 SqFt
New
406 S Grevillea AVE Inglewood, CA 90301
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,992 sqft
Price per Sqft $342
MLS Listing ID 25617197
Bedrooms 5
HOA Y/N No
Year Built 1926
Lot Size 7,501 Sqft
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 transforming into a premier destination for residents and investors alike. 406 South Grevillea Avenue offers not just a foothold in this thriving market, but a front-row seat to its future. For today's discerning investor, this is more than a property it's a strategic move into one of Los Angeles' most promising growth stories.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INC2D*
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4021018015
Special Listing Condition Standard
Listed by Joshua Cohen Keller Williams Realty
GET MORE INFORMATION