10720 Burin Avenue, Inglewood, CA 90304
- $3,799,000
- List Price
- $3,799,000
- Status
- ACTIVE
- MLS#
- SB26206196
- Year Built
- 1963
- Lot Size
- 16,339
- Acres
- 0.38
- Lot Location
- Near Park, Near Public Transit
- Days on Market
- 1
- Property Type
- Commercial
- Property Sub Type
- Multi Family
Property Description
10720 Burin Ave is a 22-unit multifamily investment opportunity in unincorporated Los Angeles. The two-story, 11,879 SF building wraps a gated central courtyard with 32 parking spaces on a 16,339 SF lot. The asset is 100% occupied with stable in-place income and clear upside, as current rents remain below market under LA County rent stabilization. A majority of units have been upgraded, allowing continued gains with limited capital. Approved plans and RTI permits are in place for two ADUs, 575 SF one-bedroom conversions of existing covered parking, with potential for three more; that income is not included in the financials. The property is master metered for electric, gas and water, with RUBS implementation underway to recover a portion of utility costs from tenants. It sits 1.5 miles from SoFi Stadium and Hollywood Park and three miles from LAX.
Additional Information
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 22
- Gross Scheduled Income
- $462,240
- Operating Expense
- 228975
Listing courtesy of Listing Agent: Gary Elminoufi (garyelmo@gmail.com) from Listing Office: Beach City Brokers.
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