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10720 Burin Avenue, Inglewood, CA 90304
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10720 Burin Avenue
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  • MLS#: SB24157410 ( Apartment )
  • Street Address: 10720 Burin Avenue
  • Viewed: 2
  • Price: $3,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 106
  • 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
Assessments
  1. Unknown
Association Fee
  1. 0.00
Building Area Total
  1. 11879.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 73
Electric Expense
  1. 36824.00
Entry Location
  1. Front
Fuel Expense
  1. 8849.00
Garage Spaces
  1. 22.00
Heating
  1. Central
Insurance Expense
  1. 0.00
Laundry Features
  1. Community
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Near Public Transit
  2. Park Nearby
Netoperatingincome
  1. 204740.00
Parcel Number
  1. 4036017025
Pool Features
  1. None
Postalcodeplus4
  1. 1943
Professionalmanagementexpense
  1. 18425.00
Property Type
  1. Apartment
Security Features
  1. Automatic Gate
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 420048982:CRM
Totalactualrent
  1. 441216.00
Totalexpenses
  1. 236476.00
Trash Expense
  1. 157.00
Water Sewer Expense
  1. 13301.00
Water Source
  1. Public
Year Built
  1. 1963
Year Built Source
  1. Assessor
Zoning
  1. LCR3PY