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Commercial Property - 10720 Burin Avenue, Inglewood, CA

$3,799,000

10720 Burin Avenue, Inglewood, CA

10720 Burin Avenue, Inglewood, CA 90304 - $3,799,000 · Commercial Real Estate for Sale, photo 3

10720 Burin Avenue, Inglewood, CA 90304 - $3,799,000 · Commercial Real Estate for Sale, photo 4

10720 Burin Avenue, Inglewood, CA 90304 - $3,799,000 · Commercial Real Estate for Sale, photo 5

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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.

Property details

Square feet

11,879

Year built

1963

Property type

Commercial Sale

Lot size

16,339 sqft

Location

10720 Burin Avenue • Inglewood, CA 90304

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Listed by

Gary Elminoufi · Beach City Brokers

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