CA > Inglewood
Inglewood, CA 90301,406 S Grevillea AVE
Inglewood, CA 90301,406 S Grevillea AVE
Inglewood, CA 90301,406 S Grevillea AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,395,000
Est. payment /mo
5 Beds
12 Baths
6,992 SqFt
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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

Read Less Info
CRMLS – RECore
Listed by Joshua Cohen Keller Williams Realty

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