$2,395,000

406 S Grevillea Ave Inglewood, CA 90301

Estimated payment $15,018/month

Total Views 888
5 Beds
12 Baths
6,992 Sq Ft
$343 Price per Sq Ft

About This Home

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.

Listing Agent

Joshua Cohen

Keller Williams Realty License #01346713 Listed on: 11/10/2025

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Parking

  • Driveway

Interior Spaces

  • 6,992 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 12 Bathrooms

Additional Features

  • 7,500 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 12 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4021-018-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 6992
  • Lot Acreage: 0.1715
  • Probate: No
  • Year Built: 1926
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 342.53

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway

Utilities

  • Heating: Forced Air

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 580056
  • Assessed Land Percent: 60
  • Assessed Land Value: 870088
  • Total Assessed Value: 1450144
  • Assessor Parcel Number: 4021-018-015
  • Lot Size Area: 7500

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.72
  • Number Of Units: 12
  • Type Of Units: 2

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/10/2025 11/10/25 For Sale $2,395,000 +95.5% $343 / Sq Ft
04/14/2016 04/14/16 Sold $1,225,000 +2.1% $175 / Sq Ft View Prior Sale
03/08/2016 03/08/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $1,200,000 -- $172 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25617197

The MLS