10720 Burin Avenue

Inglewood, CA 90304

$4,295,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1963

calendar_month Built

Property Description

22-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 9.73 GRM and an 4.77% cap rate. Priced at $195,227 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.

Listing Information

List Price $4,295,000
Status Active
MLS SB24157410
HOA $0
Type Residential Income
Subtype Apartment
Year Built 1963
Lot Size 16,339
Structure Size N/A
DOM 11
Courtesy Of Beach City Brokers
Listing Agent Gary Elminoufi DRE#01139207
Co-Listing Agent Anthony Elminoufi DRE#01874551

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Gary Elminoufi, Anthony Elminoufi, Beach City Brokers . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 13th, 2024 at 7:30 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.