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10720 Burin Avenue
Inglewood CA 90304 US

$3,995,000

Active Listing ID SB24157410
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3 bed
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2.00 Bath (2 Full)
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Lot: 16,339.00 Square Feet
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Apartment

$3,995,000

Active Listing ID SB24157410
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10720 Burin Avenue 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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Property Features

  • Facts
  • Lot Size: 16,339.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 2
  • Exterior Finish: Community Features Included: Curbs, Sidewalks, Near Public Transit, Park Nearby
  • Heating Fuels: Central Furnace

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Apartment
  • listprice: 3995000
  • unparsedaddress: 10720 Burin Avenue
  • postalcity: Inglewood
  • stateorprovince: CA
  • country: US
  • postalcode: 90304
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.375091827364555
  • lotsizeunits: Square Feet
  • lotsizearea: 16339
  • livingarea: 11879
  • livingareaunits: Square Feet
  • listagentfullname: Gary Elminoufi
  • listagentemail: garyelmo@gmail.com
  • listagentkey: 3yd-MRMLSCA-SELMIGA
  • listagentmlsid: SELMIGA
  • listagentpreferredphone: 3102920332
  • listagentofficephone: 3105433536
  • listofficekey: 3yd-MRMLSCA-S6107
  • listagentstatelicense: 01139207
  • listofficemlsid: S6107
  • disclaimer: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1963
  • listingcontractdate: 2024-08-02
  • listagenturl: http://www.garyelminoufi.com
  • countyorparish: Los Angeles
  • parcelnumber: 4036017025
  • heating: Central Furnace
  • numberofunitstotal: 22
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 32
  • waterfrontyn: False
  • exteriorfeatures: Community Features Included: Curbs, Sidewalks, Near Public Transit, Park Nearby
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AlternatePrices":[], "BrokerName":"Beach City Brokers", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"garyelmo@gmail.com", "ListBrokerageCity":"Redondo Beach", "ListBrokerageCountry":"US", "ListBrokerageEmail":"gary@garyelmo.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MRMLSCA/c5ababc31d88782c011d88d837fa00db/20081112202019336.jpeg", "ListBrokerageName":"Beach City Brokers", "ListBrokeragePhone":"(310) 292-0332", "ListBrokeragePostalCode":"90277", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"200 S PCH", "ListBrokerageWebsiteUrl":"http://www.garyelmo.com", "ListOfficeAddress1":"200 S Pacific Coast Highway", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"SELMIGA", "ListOfficeCity":"Redondo Beach", "ListOfficeCountry":"US", "ListOfficeEmail":"gary@garyelmo.com", "ListOfficePostalCode":"90277", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Apartment - Inglewood, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/10720-Burin-Ave_Inglewood_CA_90304_M24040-78580?f=listhub&s=MRMLSCA&m=SB24157410&c=rexren", "MLSModificationTimestamp":"2024-08-02T15:43:47Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/7/2024 11:45:39 PM GMT
Source Updated Date: 11/21/2024 7:02:54 AM GMT

Courtesy of: Gary Elminoufi, Beach City Brokers, garyelmo@gmail.com

Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.