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Property Description

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.

Features
: Central
: Central Air
2
1
: Community
0
: Curbs, Sidewalks
Additional Information
Beach City Brokers
0
SELMIGA
S6107
Gary
4036017025
: Standard
22
Two
35

Multi-Family For Sale

10720 Burin Avenue, Inglewood, California 90304

11,879 Sqft
$4,295,000
Listing ID #SB24157410
Basic Details
Status : Active
DaysOnMarket : 0
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : SB24157410
Price : $4,295,000
Living Area : 11,879 Sqft
Lot Size : 16,339 Sqft
Year Built : 1963
Country : US
State : California
County : Los Angeles
City : Inglewood
Zipcode : 90304
Price Per Square Foot : $362
ModificationTimestamp : 2024-08-02 15:55:45
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