For Sale
10720 Burin Avenue, Inglewood, CA 90304
Overview
Property ID: SGR-34103776
- Residential Income
- 22.00
- 1963
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.
Address
Open on Google Maps- Address 10720 Burin Avenue
- City Inglewood
- State/county CA
- Zip/Postal Code 90304
- Area 105 - Lennox
- Country United States
Details
Updated on October 2, 2024 at 12:09 pm- Property ID: SGR-34103776
- Price: $4,295,000
- Land Area: 16339.00 m²
- Garages: 22.00
- Year Built: 1963
- Property Type: Residential Income
- Property Status: For Sale
- Living Area: 11879.00
- MLS#: SB24157410
- Office Name: BEACH CITY BROKERS
- Agent Name: Gary Elminoufi
- MLS Status: Active
- Living Area Prefix: Sqft
- Co-Office Name: Beach City Brokers
- Co-Agent Name: Anthony Elminoufi
- Agent State License: 01139207
- Co-Agent State License: 01874551
- IDX Contact Info: 310-292-0332
Additional details
- Sewer: Public Sewer
- Cooling: Central Air
- Heating: Central
- County: Los Angeles
- Property SubType: Apartment
- Parking: 32.00
- Water Source: Public
Mortgage Calculator
Monthly
- Principal & Interest
- Property Tax
- Home Insurance
- PMI
What's Nearby?
Powered by Yelp
Please supply your API key Click Here
