406-408 S Grevillea Ave - Apartments FOR SALE


Inglewood, CA 90301
$2,395,000 USD
310-480-2130
406-408 S Grevillea Ave, Inglewood, CA for Sale
$2,395,000 USD
Apartments - FOR SALE
1/15
null | 7% Cap Rate

406-408 S Grevillea Ave
Inglewood, CA 90301


HIGHLIGHTS

  • Exceptional investment metrics with a 7% cap rate, 9.72 GRM, and $199,583 per unit—rare numbers for this fast-rising market.
  • Built-in 15% rental upside provides strong current cash flow with room for continued income growth.
  • Unmatched location minutes from SoFi Stadium, The Forum, Intuit Dome, and Downtown Inglewood’s vibrant redevelopment.
  • A strategic opportunity to own a cash-flowing asset in the center of Inglewood’s multi-billion-dollar transformation.

OVERVIEW

The Cohen Group is 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.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$343 USD /SF

# OF UNITS

12

PRICE/UNIT

$199,583

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,500 SF

ZONING

INC2D*

APN/PARCEL ID

4021-018-015

ASK ABOUT THIS PROPERTY

Joshua CohenThe Cohen GroupMore Info
310-480-2130

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Joshua CohenThe Cohen GroupMore Info
310-480-2130

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.