10720 Burin Avenue
Inglewood, CA 90304
0.38 acres | #SB24157410
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 9.06 GRM and an 5.13% cap rate. Priced at $181,591 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.
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Gary Elminoufi (#SELMIGA)
Listing Office: Beach City Brokers (#S6107)
