515 S Grevillea Avenue, Inglewood, CA 90301 (MLS # 26103106)
Twitter
Facebook
Email
|
We are pleased to present the exclusive offering of 515 S Grevillea Ave, a well-maintained 5-unit apartment building located in the heart of Inglewood, California. This offering presents an attractive opportunity to acquire a clean, well-maintained multifamily asset with strong in-place cash flow and compelling investment fundamentals. Constructed in 1963, the property consists of 4,895 square feet of rentable building area situated on a 7,557 square foot lot. The property features a desirable unit mix of two 1-bedroom/1-bathroom units, one 2-bedroom/1-bathroom unit, and two 2-bedroom/2-bathroom units, offering a variety of layouts to appeal to a broad tenant base. The property stands out for its spacious units, overall condition, and history of meaningful capital improvements. Approximately 10 years ago, several major upgrades were completed, including electrical improvements, copper plumbing, vinyl windows, heating and air conditioning units, and a new roof. Combined with the property's ongoing maintenance and various interior upgrades, these improvements provide a solid foundation for continued ownership while helping minimize the need for immediate major capital expenditures. Offered at $1,350,000, the property delivers an attractive 6.41% current capitalization rate and 9.85 gross income multiplier (GIM), with upside to a 7.48% pro forma capitalization rate and 8.84 pro forma GIM. This combination of strong day-one cash flow and additional income potential makes the property particularly appealing to investors seeking an income-producing asset with an accessible entry point into the Los Angeles multifamily market. Additional highlights include five covered carport spaces and three single-car garages, providing a total of eight parking spaces for the five-unit property. There is an on-site laundry room as well. Ideally situated near SoFi Stadium, the Hollywood Park development, the Intuit Dome, and major employment and transportation corridors, the property benefits from its location within one of Southern California's evolving rental markets. 515 S Grevillea Ave represents an excellent opportunity for both first-time multifamily investors and experienced owners seeking a straightforward, cash-flowing investment with an established history of capital improvements, desirable unit layouts, and additional potential to enhance returns over time.
| DAYS ON MARKET | 1 | LAST UPDATED | 10/19/2026 |
|---|---|---|---|
| YEAR BUILT | 1963 | COMMUNITY | 101 - North Inglewood |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Microwave |
| AREA | 101 - North Inglewood |
| HEAT | Central |
| LOT | 7558 sq ft |
| LOT DIMENSIONS | 7557 |
| PARKING | Carport, Garage |
| STORIES | 2 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from CRMLS as of 10/20/26 6:42 AM PDT. The information being provided by CRMLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRMLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
This IDX solution is (c) Diverse Solutions 2026.