1412 Centinela Avenue, Inglewood, CA 90302
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
1412 Centinela Avenue,Inglewood, CA 90302
$2,500,000
- 12 Beds
- 14 Baths
- 8,862 sq. ft.
- Multi-family
- Active
Listed by: neema ahadian
Office: marcus & millichap310-909-5500
MLS#:26866587
Source:CRMLS
Price summary
- Price:$2,500,000
- Price per sq. ft.:$282.1
About this home
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....
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Home facts
- Year built:1958
- Listing ID #:26866587
- Added:98 day(s) ago
- Updated:November 06, 2026 at 02:22 PM
Rooms and interior
- Bedrooms:12
- Total bathrooms:14
- Living area:8,862 sq. ft.
Structure and exterior
- Year built:1958
- Building area:8,862 sq. ft.
- Lot area:0.28 Acres
- Levels:2 Story
Finances and disclosures
- Price:$2,500,000
- Price per sq. ft.:$282.1
Parking
- Total parking spaces:12
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