10720 Burin Avenue
Inglewood, CA 90304
0.38 acres | #SB24157410
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 9.06 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.
Property Details
- Lot DescriptionNearPark, NearPublicTransit
- Stories2
Measurements
- Acres0.3751
Parking
- Parking Spaces22
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1963
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$4,295,000
Other
- MLS #SB24157410
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Gary Elminoufi (#SELMIGA)
Listing Office: Beach City Brokers (#S6107)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
