www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30754453
30754454

10720 Burin Avenue, Inglewood, CA 90304

Beach City Brokers
GE
Beach City Brokers
Listed by Beach City Brokers
$3,995,000
17 days on market
Updated 3 days ago

10720 Burin Avenue

Details
APN 4036017025
Property Type Multifamily
Sub Type Apartment Building
Square Footage 20,912
Units 22
Cap Rate 7.42%
NOI $296,579
Occupancy 100%
Pro-Forma Cap Rate 9.75%
Pro-Forma NOI $389,324
Price per SqFt $191
Class C
Year Built 1963
Buildings 2
Stories 2
Acreage 0.380
Zoning R3
Parking Spaces 32 spaces
Parking Per SqFt 1.53
Investment Type Value Add

Multifamily | 22 Units

Marketing description

22-unit multifamily turnkey asset priced at under $200k per unit, ideally positioned in unincorporated Los Angeles just 1.5-2 miles from SoFi Stadium, Intuit Dome, YouTube Theater, The Kia Forum, and Hollywood Park. Approved RTI permits are in place for 2 ADUs with potential for 3 more, and a Ratio Utility Billing System has been initiated allowing owners to recover a portion of utility expenses from tenants over time. Significant capital improvements have already been completed including new roofs, sewer lines, double-pane windows, water heaters, gutters, and central air and heat systems, allowing a new owner to step in with stable operations and minimal deferred maintenance from day one. The majority of units have updated kitchens and baths, and current rents are below market with a natural runway for growth through turnover. The property is fully gated across two buildings with 32 parking spaces. Located adjacent to Inglewood with LAX three miles away and major employers including SpaceX and Northrop Grumman within four miles.

Investment highlights

  • Priced under $200,000 per unit
  • Current NOI $296,579 | Pro Forma NOI $389,324
  • GRM 8.64 | Cap Rate 7.42%
  • Approved RTI permits for 2 ADUs with potential for 3 more
  • Rents below market with clear upside through turnover
  • RUBS initiated
  • 21 of 22 units occupied
  • 1031 exchange friendly, seller financing possible
Icon
Powered by San Diego MLS
Learn More

Listing Contacts

Beach City Brokers
GE
Beach City Brokers
Listed by Beach City Brokers

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$296,579.00
$24,714.92/mo

Valuation Metrics

0
DSCR
7.42%
Cap Rate
7.42%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Anthony Elminoufi
License
01874551
Brokerage Phone
310.543.3536
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591