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Bruce Kang, Broker
10720 Burin Avenue, Inglewood, CA 90304
- $3,799,000
- List Price
- $3,799,000
- Status
- ACTIVE
- Days on Market
- 17
- MLS#
- SB26206196
- Subtype
- Commercial Sale
- Year Built
- 1963
- Lot Size
- 16,339
- Acres
- 0.38
- MLS Area Major
- Lennox (105)
Property 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.
Additional Information
- Zoning
- LCR3PY
- Heating
- Central
- Air Conditioning
- Yes
Listing courtesy of Listing Agent: Gary Elminoufi (garyelmo@gmail.com) from Listing Office: Beach City Brokers.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.