$3,995,000
10720 Burin Avenue, Inglewood 90304
3
Beds
2
Baths
16,339
Lot Size
22
# Of Units
Listing Agent
Gary Elminoufi - Beach City Brokers22-unit building located 1.5-2 miles from SoFi Stadium, The Forum, and Hollywood Park in an unincorporated part of Los Angeles. This property offers strong cash flow with a 9.06 GRM and an 5.13% cap rate. Priced at $181,591 per unit, it has significant upside potential. Recent updates within the last 5 years include new roofs, sewer lines, double-pane windows, water heaters, gutters, and central air/heat. 18 of the 22 units have updated kitchens, and some featuring updated baths. Fully occupied, the property offers 32 gated parking spots. Potential to add 4 ADUs (BTV). Ratio Utility Billing System (RUBS) has been initiated for 3 units that currently qualify. Ideal for investors seeking rental income growth in a rapidly developing area.
Facts & Features
| MLS® # | SB24157410 |
|---|---|
| Price | $3,995,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Lot Size | 16,339 |
| Year Built | 1963 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
| # Of Units | 22 |
Community Information
| Address | 10720 Burin Avenue |
|---|---|
| Area | 105 - Lennox |
| City | Inglewood |
| County | Los Angeles |
| Zip Code | 90304 |
Amenities
| Parking Spaces | 32 |
|---|---|
| # of Garages | 22 |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Central |
|---|---|
| Cooling | Central Air |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Near Park, Near Public Transit |
|---|
Additional Information
| Date Listed | August 2nd, 2024 |
|---|---|
| Days on Market | 71 |
| Zoning | LCR3PY |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Gary Elminoufi |
|---|---|
| Office | Beach City Brokers |