10720 BURIN AVE
INGLEWOOD, CA 90304

$4,295,000

0 Beds

0 Baths

11,879 Sq Ft

Status Active

MLS# SB24157410

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.

Details for 10720 BURIN AVE

$362 / Sq Ft

No Info

Interior

Laundry Features

["common Area"]

Living Area

11,879 SqFt.

HOA Features

Association Fee

Building And Construction

Number of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Security Features

["security Gate"]

Year Built

1963

Exterior And Lot

Garage Spaces

Lot Features

["near Park", "near Public Transit"]

Lot Size Acres

0.3751

Lot Size Square Feet

16339

Lot Size Units

Square Feet

Parking Total

Pool Features

["none"]

Zoning

LCR3PY

Utilities

Cooling

["central Air"]

Heating

["central"]

Area And Schools

City

Inglewood

Community Features

Curbs, Sidewalks, Park

County Or Parish

Los Angeles