10720 Burin Avenue, Inglewood, CA 90304
  • MLS#: SB24157410 ( Multi-Family )
  • Street Address: 10720 Burin Avenue
  • Viewed: 17
  • Price: $3,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 206
  • Additional Information
  • County: LOS ANGELES
  • City: Inglewood
  • Zipcode: 90304
  • Provided by: Beach City Brokers
  • Contact: Gary Gary
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Property Type
  1. Multi-Family
Views
  1. 17