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1412 Centinela Avenue Inglewood, CA 90302
$2,500,000 12 beds, 14 baths
8, 862 sqft
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Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active Under Contract
MLS# 26866587
List price is $2,500,000
Beds: 12
Baths: 14
Built in 1958
8,862 sqft
2 stories
0.28 acres
Lot size: 0.2753
County: Los Angeles
Zoning: INC2YY
Parking description: None
Heating/cooling: None
Heating description: None
MLS area: 101 - North Inglewood

Last Updated: 9/23/2026

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This listing belongs to the 101 - North Inglewood MLS area

Lat/Long: 33.977132, -118.364592.
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Listing Agent: Neema Ahadian
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Population by Gender

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