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406 S Grevillea Ave
For Sale $2,250,000 ($321.80 per Sq Ft)
$2,250,000 ($321.80 per Sq Ft)
- 12 Units
- 6,992 Sq Ft
- 7,500 Sq Ft
- Unknown Cap Rate
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 unit mix of all Studio units, 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 7.52%, this is one of the most attractive returns currently available in the Inglewood market. The GRM stands at a compelling 9.13, and the price per unit, just $187,500, is a rare value in a city where multifamily pricing continues to climb. 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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,250,000 |
| Property Type | Multi-Family |
| Usable Sqft | 6,992 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1926 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4021018015 |
| MLS # | 25617197 |
| Property ID | 293243828 |
| Lot Sqft | 7,500 |
| Zoning | INC2D* |
| Total Units | 12 |
| Days on Market | 121 |
| Original List Price | $2,395,000 |
| Date Updated | February 24, 2026 |
| Date Created | November 10, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 0 | 1.00 | $1,710 | $1,931 |
| Gross Income (Yr) | $ 242,517 |
| Operating Expenses | $ 73,213 |
| Net Income (Yr) | $ 169,303 |
| Cap Rate | 7.52% |
Listing Provided By
Joshua Cohen an agent of . Lic #01346713
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Robert Crawford
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