Log In/Sign Up
Your email has been sent.
1408-1412 Centinela Ave
Inglewood, CA 90302
Multifamily Property For Sale
·
12 Units
Investment Highlights
- 12-unit multifamily investment opportunity in Inglewood.
- Diverse unit mix of nine one-bedrooms, one two-bedroom/ one-bath, one two-bedroom/two-bath, and one three-bedroom/two-bath.
- The property is also separately metered for gas and electric.
- Comprised of two buildings on a single 11,992 SF parcel totaling approximately 8,862 SF of gross building area.
- Controlled access through a shared gate serving both buildings, providing a layer of security that is attractive to prospective tenants.
- Select units feature wall AC units and in-unit washer and dryer hookups, amenities uncommon at this price point and support strong tenant retention.
Executive Summary
The Neema Group at Marcus & Millichap is 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.
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.
Property Facts
| Price Per Unit | $208,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 6.41% | Building Size | 8,862 SF |
| Gross Rent Multiplier | 9.23 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 0.67/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C2, Inglewood - Commerical | ||
| Price Per Unit | $208,333 |
| Sale Type | Investment |
| Cap Rate | 6.41% |
| Gross Rent Multiplier | 9.23 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 8,862 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | C2, Inglewood - Commerical |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 675 |
| 2+1 | 1 | - | 875 |
| 2+2 | 1 | - | 925 |
| 3+2 | 1 | - | 1,050 |
Property Taxes
| Parcel Number | 4001-021-021 | Improvements Assessment | $473,922 |
| Land Assessment | $1,149,971 | Total Assessment | $1,623,893 |
Property Taxes
Parcel Number
4001-021-021
Land Assessment
$1,149,971
Improvements Assessment
$473,922
Total Assessment
$1,623,893
1 of 37
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
