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10934 BURIN AVE Inglewood CA 90304-2359

APN 4037-015-021

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Details
Property Type Multifamily
Sub Type Apartment Building
Building SqFt 5,604
Lot SqFt 8,889
Acreage ******
Number of Units 9
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code LCR3PV
Year Built 1961
Building Count 2
Opportunity Zone Yes
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******

Property History

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Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Asking Details
Asking Price
$1,850,000
Asking Cap Rate
7.16%
Asking NOI
$132,504
Price/Sq Ft
$288.84
Price/Unit
$205,555.56
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.

Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Marketing Description
Michael Padilla & Nico Rosmarin of Lyon Stahl are pleased to present 10934 Burin Ave, a nine-unit apartment building located in the highly desirable rental market of Lennox-Inglewood. This bread-and-butter asset consists of one (1) 2-bed/1-bath unit and eight (8) 1-bed/1-bath units. The 5,604 SF apartment building sits on a large 8,889SF lot. Each unit has one covered parking space. The property went through the Inglewood sound abatement program: new Central AC and heating for each unit, new sound proof windows, new panels and meters, and newer wiring.



Investment Highlights
  • New Central AC & Heating per unit
  • New Sound Proof Windows
  • New Panels & Meters
  • New Washer & Dryer
Property Type
Property Type
Multifamily
Asking Details
Asking Cap Rate
******
Marketing Description

Marcus & Millichap is pleased to present to market 10934 Burin Avenue, a nine-unit apartment building in Inglewood, California. With current rents more than 50 percent below market, this offering presents an excellent opportunity for an investor to add value and capture huge potential upside in rents.

10934 Burin Avenue consists of a two-story 1961 construction building with eight one-bed/one-bath units and one two-bed/one-bath unit. All units are separately metered for gas and electricity. The property also offers carport and tuck-under parking with storage, as well as on-site laundry.

Making it a great option for commuters, the property is located conveniently near the 405 and 105 freeways and just a quarter-mile from the Hawthorne/Lennox Station of the Metro Green Line, which runs between Redondo Beach and Norwalk. Additionally, 10934 Burin Avenue is less than two miles from the new NFL stadium.

Investment Highlights
  • Value-Add Opportunity With Over 50 Percent Rental Upside
  • 1961 Construction With Eight One-Bed/One-Bath Units and One Two-Bed/One-Bath Unit
  • Carport and Tuck-Under Parking With Storage
  • On-Site Laundry
  • Commuter-Friendly Location Near the 105 and 405 Freeways and the Metro Green Line
Property Type
Property Type
Multifamily
Asking Details
Asking Cap Rate
******
Marketing Description
Sold Property.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Sold on
 BY:
SB
Steve "Bogie" Bogoyevac PRO
LIC: CA 01332755
•••.•••.1231
•••••.•••••evac@•••••••••••••••.com
Brokerage logo
Sold on
 BY:
SY
Shane Young PRO
LIC: 01963090
•••.•••.0213
•HANE@••••••••••.com
Brokerage logo
Sold on
 BY:
AC
Alexandro Colombo PRO
LIC: CA 01927702
•••.•••.7950
info@••••••••••.com
Brokerage logo
Listing removed on
 BY:
NR
Nico Rosmarin PRO
LIC: 02023847
•••.•••.9449
nico@•••••••••.com
Brokerage logo
Listing removed on
 BY:
MP
Michael Padilla
LIC: CA 01993341
•••-•••-1234
•••••••.•••illa@•••••••••.com
Brokerage logo

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