10720 Burin Avenue, Inglewood, CA 90304
-
Listed Price :
$4,295,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1963
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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
10720 Burin Avenue |
| City |
Inglewood |
| State |
CA |
| Zip |
90304 |
| County |
Los Angeles |
| Listing Agent |
Gary Elminoufi DRE #01139207 |
| Co-Listing Agent |
Anthony Elminoufi DRE #01874551 |
| Courtesy Of |
Beach City Brokers |
| List Price |
$4,295,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
16,339 |
| Year Built |
1963 |
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.
