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$ 4,295,000
Est. payment /mo
New
10720 Burin AVE Inglewood, CA 90304
0.38 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26109752
HOA Y/N No
Year Built 1963
Lot Size 0.375 Acres
Property Sub-Type Multi Family
Property Description
22-unit multifamily turnkey asset priced at under $200k per unit, ideally positioned in unincorporated Los Angeles just 1.5-2 miles from SoFi Stadium, Intuit Dome, YouTube Theater, The Kia Forum, and Hollywood Park. Approved RTI permits are in place for 2 ADUs with potential for 3 more, and a Ratio Utility Billing System has been initiated allowing owners to recover a portion of utility expenses from tenants over time. Significant capital improvements have already been completed including new roofs, sewer lines, double-pane windows, water heaters, gutters, and central air and heat systems, allowing a new owner to step in with stable operations and minimal deferred maintenance from day one. The majority of units have updated kitchens and baths, and current rents are below market with a natural runway for growth through turnover. The property is fully gated across two buildings with 32 parking spaces. Located adjacent to Inglewood with LAX three miles away and major employers including SpaceX and Northrop Grumman within four miles.
Location
State CA
County Los Angeles
Area 105 - Lennox
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Community Features Park
Present Use Multi-Family
Total Parking Spaces 32
Building
Lot Description Near Park, Near Public Transit
Story 2
Water Public
Others
Tax ID 4036017025
Security Features Security Gate
Acceptable Financing 1031 Exchange, Submit
Listing Terms 1031 Exchange, Submit
Special Listing Condition Standard
Listed by Gary Elminoufi Beach City Brokers 310-292-0332, DRE #01139207
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