10720 Burin Avenue, Inglewood, CA 90304
List Price: $3.8M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1963
Lot Size: 16,339 sq ft
MLS Number: SB26206196
About This Property
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.
Listing provided by: Gary Elminoufi DRE #01139207 310-543-3536 garyelmo@gmail.com, Beach City Brokers
Source: CRMLS, MLS #: SB26206196
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.