10720 Burin AvenueInglewood, CA 90304
Los Angeles County
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.
Property Information
- Property type
- Commercial Sale
- Sub-type
- Multi Family
- Year built
- 1963
- Stories
- 2
- Building area
- 11,879 Sq Ft
- Lot size
- 0.38 acres
- Parking spaces
- 32
- Zoning
- LCR3PY
- Days on market
- 16
- MLS® Listing#
- SB26206196
Property Features
- Cooling
- Central Air
- Heating
- Central
- Laundry
- Common Area
- Lot features
- Near Public Transit
- Security
- Security Gate
- Community
- Park
- Utilities
- Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected
- Water source
- Public
- Parcel number
- 4036017025
Directions
1 Block West of Lennox Blvd and Hawthorne Blvd
Listing Courtesy: Beach City Brokers - 310-292-0332
Presented by: Gary Elminoufi and Anthony Elminoufi
Licensed in the state of California.
