12-Unit Apartment
For Sale
$2,500,000
1412 Centinela Avenue, Inglewood, CA 90302
Two buildings share controlled gate access, separate utility metering, laundry facilities, and tenant storage areas.
Property Size8,862 SF
Lot Size0.28 Acres
Price / SF$282.10
Days on Market9
Property Features for 1412 Centinela Avenue
General Information
Standard status
Active
Size
8,862 SF
Lot size
0.28 Acres
Property subtype
Multi-family
Financials
Asking Price
$2,500,000
Cap Rate
6.41%
Gross Rent Multiplier
9.23
Units
Unit Mix
9 x 1BR, 1 x 2BR/1BA, 1 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
12
Additional Details
Utilities to Site
Yes
Amenities
controlled access
on-site laundry
storage
wall AC units
washer/dryer hookups
Building Details
Year Built
1958
Buildings
2
Listing Agency:
Marcus & Millichap
Listed By:
Neema Ahadian
(714) 497-3550
Source:
Sevengables
Added: Jul 28
Changed: Aug 3
Last Checked: Aug 5 at 5:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
The property at 1408-1412 Centinela Avenue comprises two apartment buildings on a 11,992-square-foot parcel, with approximately 8,862 square feet of gross building area. Built in 1958, the 12-unit configuration includes nine one-bedroom units, one two-bedroom/one-bath unit, one two-bedroom/two-bath unit, and one three-bedroom/two-bath unit. Select apartments have wall AC units and washer and dryer hookups. A shared gate controls entry to both buildings, while gas and electric service are separately metered.
On-site laundry and storage rentals provide ancillary income sources. Additional storage space is available for potential leasing, and detached rear garages may offer an ADU conversion opportunity, subject to buyer verification. The property is located at 1412 Centinela Avenue in Inglewood, California.
On-site laundry and storage rentals provide ancillary income sources. Additional storage space is available for potential leasing, and detached rear garages may offer an ADU conversion opportunity, subject to buyer verification. The property is located at 1412 Centinela Avenue in Inglewood, California.
Key Highlights
- 12 units across two buildings on a 11,992 SF parcel
- Approximately 8,862 SF of gross building area; built in 1958
- Unit mix includes nine one‑bedrooms plus three two‑bedroom or three‑bedroom units
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $201.0k | $22.68 |
| − Vacancy | −$1.4k | −$0.16 |
| EGI | $199.6k | $22.52 |
| − OpEx | −$89.8k | −$10.13 |
| NOI | $109.8k | $12.39 |
8,862 SF · lease $22.68/SF/yr · vacancy 0.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.37M – $1.83M
NOI $109,771 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.62M
$3.16M – $4.22M
NOI $253,099 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,727
Businesses Nearby
Explore this area
Business Placement
Demographics for 90302, CA
29,264
Population
11,366
Households
2.6
Avg Household Size
36
Median Age
30%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
15,402
Density / Sq Mi
$72,461
Median Household Income
$37,675
Median Earnings
$1,784
Median Rent
$731,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings share controlled gate access, separate utility metering, laundry facilities, and tenant storage areas.
Where is this apartment building located?
The property is located at 1412 Centinela Avenue Inglewood, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 12 units across two buildings on a 11,992 SF parcel; Approximately 8,862 SF of gross building area; built in 1958; Unit mix includes nine one‑bedrooms plus three two‑bedroom or three‑bedroom units
