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Stacey Alysson Melman

1412 Centinela AV
Inglewood, CA, 90302
$2,500,000
12 Beds
14 Baths
8,862 SqFt
0.28 Acres
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MLS #26866587 image #0
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.
AGENT: Neema Ahadian
LISTING BROKERAGE: Marcus & Millichap
1412 Centinela AV
Inglewood, CA

Property Details

Price:
$2,500,000
MLS #:
26866587
Status:
Active
Beds:
12
Baths:
14
Type:
Single Family
Neighborhood:
101northinglewood
Listed Date:
Jul 30, 2026
Finished Sq Ft:
8,862
Total Sq Ft:
8,862
Lot Size:
11,992 sqft / 0.28 acres (approx)
Year Built:
1958
101 – North Inglewood101northinglewood
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Schools

Interior

Cooling
NO
Heating
NO
Levels
U

Exterior

Parking Spots
12
Parking Total
12

Financial

Gross Operating Income
$257,283
Net Operating Income
$160,325

Map

Community

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