406 S Grevillea Ave Inglewood, CA 90301
Estimated payment $15,018/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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
MLS Number: 25617197
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