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29210588
29210589

10934 S Burin Ave, Inglewood, CA 90304

Russo Properties
Listed by Russo Properties
$1,850,000
143 days on market
Updated 35 days ago
Opportunity zone

10934 South Burin Avenue

Details
APN 4037 015 021
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,405
Units 9
Cap Rate 7.16%
NOI $132,504
Occupancy 100%
Pro-Forma Cap Rate 9.27%
Pro-Forma NOI $171,576
Price per SqFt $289
Broker Co-Op Yes
Year Built 1961
Buildings 1
Stories 2
Occupancy Date 01/01/0001
Sale Condition For sale by owner

Meticulously maintained 9-Unit building for sale in prime Lennox!

Marketing description

This offering presents the opportunity to purchase a unique, turnkey 9-unit asset that has been meticulously owner operated long-term. This property features newer central AC’s for all units, newer soundproofed windows, new exterior paint, fixtures, and more upgrades.This property operates at 100% occupancy with very high tenant-retention and all tenants paying near market rates. This property has historically required little to no maintenance.

Investment highlights

This offering presents the opportunity to purchase a unique, turnkey 9-uni asset that has been meticulously owner operated long-term. This property features newer central AC’s for all units, newer soundproofed windows, new exterior paint, fixtures, and more upgrades.This property operates at 100% occupancy with very high tenant-retention and all tenants paying near market rates. This property has historically required little to no maintenance.

Listing Contacts

Russo Properties
Listed by Russo Properties

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$132,504.00
$11,042.00/mo

Valuation Metrics

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DSCR
7.16%
Cap Rate
7.16%
ROI

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Additional Information

Name
Bryan Russo
License
00CA
Brokerage Phone
949.241.6562
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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