Listed price in listed location currency (USD).
$2,500,000

121412

MLS® 26866587

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 8862 sqft
Garage 
Taxes 
Days Active 2
Lot Size 0.2753 Acres
Approx. Age 1958
Avg. Price Per Sqft $282
MLS® Number 26866587

Property Address: 1412 Centinela Ave, Inglewood, CA, 90302

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number26866587
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1958
Basement
DrivewayNone
Garage Spaces
HeatNone
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 30, 2026List Date
$2,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
1412 Centinela Ave, Inglewood, CA

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