1412 Centinela Avenue,Inglewood, CA 90302
Inglewood, CA 90302
Description
We are pleased to present 1408-1412 Centinela Avenue, a 12-unit multifamily investment opportunity in Inglewood, comprised of two buildings on a single 11,992 SF parcel totaling approximately 8,862 SF of gross building area. The property was built in 1958. A diverse unit mix of nine one-bedrooms, one two-bedroom/one-bath, one two-bedroom/two-bath, and one three-bedroom/two-bath appeals to a wide range of renter profiles and supports consistent leasing activity across unit types. The property offers controlled access through a shared gate serving both buildings, providing a layer of security that is attractive to prospective tenants. The property is also separately metered for gas and electric. In-place ancillary income is generated through on-site laundry and storage rentals, with notable upside available by leasing additional storage space to tenants that is not currently being monetized. Select units feature wall AC units and in-unit washer and dryer hookups, amenities that are uncommon at this price point and support strong tenant retention. Rear detached garages present a potential ADU conversion opportunity, offering a future owner the ability to add units and increase density on the site (buyer to verify). Offered at $2,500,000 ($208,333/unit, $282.10/SF), reflecting a 6.41% current cap rate and 9.23 GRM on in place income. Located in Inglewood, a submarket that has seen sustained investment and redevelopment activity in recent years, supporting long-term demand for well-located rental housing.
Details
| MLS # | 26866587 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 53 |
| Listing Provided By | Marcus & Millichap | Neema Ahadian |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 14 |
| SQ Feet | 8,862 |
| Story(s) | 2 |
| Units | 12 |
| Building(s) | 2 |
| Zoning | INC2YY |
| Acreage | 0.28 |
Interior
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
Parking
| Parking Features | None |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Inglewood |
| Zip Code | 90302 |
| Area | 101 North Inglewood |
| Listing VS Median (in 90302) | |
Price: $2,500,000 low | high Med: $724,700 sqft: 8,862 low | high Med: 1,312 $ / sqft: $282 low | high Med: $581 On site: 53 low | high Med: 131.5 | |
Market Activity 90302
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Inglewood |
| Zip Code | 90302 |
| Area | 101 North Inglewood |
| Listing VS Median (in 90302) | |
Price: $2,500,000 low | high Med: $724,700 sqft: 8,862 low | high Med: 1,312 $ / sqft: $282 low | high Med: $581 On site: 53 low | high Med: 131.5 | |
 | $3,100,000949 N Cedar StreetInglewood, CA 90302 |