Silva Babaian Realtor, Real Estate Agent, Granada Hills, CA
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    11709 Wetherby Lane
    1223 Larrabee Street 4
    594 Mapleton Drive
    10720 Burin Avenue, Inglewood, CA 90304
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    4. 10720 Burin Avenue, Inglewood, CA 90304
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    10720 Burin Avenue
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    • MLS#: SB24157410 ( Apartment )
    • Street Address: 10720 Burin Avenue
    • Viewed: 6
    • Price: $3,995,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1963
    • Bldg sqft: 0
    • Days On Market: 143
    • Additional Information
    • County: LOS ANGELES
    • City: Inglewood
    • Zipcode: 90304
    • Provided by: Beach City Brokers
    • Contact: Gary Gary
    • California Regional MLS IDX
    • DMCA Notice
    • 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.
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    Property Location and Similar Properties
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    Similar
    Features
    Assessments
    1. Unknown
    Association Fee
    1. 0.00
    Building Area Total
    1. 11879.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Cooling
    1. Central Air
    Country
    1. US
    Days On Market
    1. 73
    Electric Expense
    1. 36824.00
    Entry Location
    1. Front
    Fuel Expense
    1. 8849.00
    Garage Spaces
    1. 22.00
    Heating
    1. Central
    Insurance Expense
    1. 0.00
    Laundry Features
    1. Community
    Levels
    1. Two
    Lockboxtype
    1. None
    Lot Features
    1. Near Public Transit
    2. Park Nearby
    Netoperatingincome
    1. 204740.00
    Parcel Number
    1. 4036017025
    Pool Features
    1. None
    Postalcodeplus4
    1. 1943
    Professionalmanagementexpense
    1. 18425.00
    Property Type
    1. Apartment
    Security Features
    1. Automatic Gate
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 420048982:CRM
    Totalactualrent
    1. 441216.00
    Totalexpenses
    1. 236476.00
    Trash Expense
    1. 157.00
    Water Sewer Expense
    1. 13301.00
    Water Source
    1. Public
    Year Built
    1. 1963
    Year Built Source
    1. Assessor
    Zoning
    1. LCR3PY
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    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836