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.
| MLS # | SB26206196 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 53 |
| Listing Provided By | Beach City Brokers | Gary Elminoufi |
| SQ Feet | 11,879 |
|---|---|
| Story(s) | 2 |
| Units | 22 |
| Building(s) | 1 |
| Zoning | LCR3PY |
| Acreage | 0.38 |
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Security Features | Security Gate |
|---|---|
| Lot Features | Near Park, Near Public Transit |
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|
| Community Features | Park |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Inglewood |
| Zip Code | 90304 |
| Area | 105 Lennox |
| Listing VS Median (in 90304) | |
Price: $3,799,000 low | high Med: $977,000 sqft: 11,879 low | high Med: 1,797 $ / sqft: $320 low | high Med: $544 On site: 53 low | high Med: 36 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Inglewood |
| Zip Code | 90304 |
| Area | 105 Lennox |
| Listing VS Median (in 90304) | |
Price: $3,799,000 low | high Med: $977,000 sqft: 11,879 low | high Med: 1,797 $ / sqft: $320 low | high Med: $544 On site: 53 low | high Med: 36 | |