515 S Grevillea Ave , Inglewood, CA 90301
$1,350,000
Est. Payment: $7,004.86/mo
5 Bed
4 Bath
4895 Sqft
0.17 Acres
Status: active under contract | Days on site: 11
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House Description

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.

Highlights

Listed by John Katnik , 310-956-2291 BRC Advisors- BH , CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.17

Year Built

1963

County

Los Angeles

Area

101 - North Inglewood

Listing ID

26103106

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:4
Appliances:Microwave
Air Cond:Central Air
Fireplaces:

Exterior Features

Lot:No Land Lease
Garage Capacity:8
Zoning:INR3YY
Others:
  • ▪ Additional:2+ Total Units
Parking Features:Carport,Door-Multi,Garage
Principal Interest
$7,005
Taxes
$861

Home Price

$1,350,000

Loan Details

30 yrs
6.75%

Down Payment

20%
$270,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,004.86

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,004.86 $860.63 $0.00 $7,865.48
Yearly $84,058.31 $10,327.50 $0.00 $94,385.81
Total $2,521,749.40 $309,825.00 $0.00 $2,831,574.40

Today's Rates

30 Year

6.75%

20 Year

6.86%

15 Year

6.24%

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Market insight data is pulled from the same city as the listing being viewed (Inglewood, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-08T01:30:46.000Z

© 2026 CRMLS/Multi-Regional MLS

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