Multifamily Asset Near Entertainment
10720 Burin Avenue Inglewood, CA 90304
10720 Burin Avenue, Inglewood, CA, 90304
Contact for pricing
For Sale
Contact for pricing
22-unit multifamily property near SoFi Stadium and Intuit Dome.
Property Size20,912 SF
Price / SF$191.04
Days on Market59
Property Features for 10720 Burin Avenue
General Information
- Standard status
- Active
- Size
- 20,912 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1963
Listing Agency
Beach City Brokers
(310) 896-6987
Listed by
Anthony Elminoufi · License #01874551
Source
Crexi
Added: May 20 Checked: Jul 15 at 8:28 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beach City Brokers
Investment Insights
Based on property information with market context.
This 22-unit multifamily property is located in unincorporated Los Angeles, approximately 1.5 to 2 miles from SoFi Stadium, Intuit Dome, YouTube Theater, The Kia Forum, and Hollywood Park. The property has approved RTI permits for two Accessory Dwelling Units (ADUs) with potential for three more. A Ratio Utility Billing System (RUBS) has been initiated. Significant capital improvements have been completed, including new roofs, sewer lines, double-pane windows, water heaters, gutters, and central air and heat systems. Most units feature updated kitchens and baths. Current rents are below market. The property consists of two buildings and is fully gated, with 32 parking spaces. It is located adjacent to Inglewood, with Los Angeles International Airport (LAX) three miles away and major employers such as SpaceX and Northrop Grumman within four miles.
Key Highlights
- Turnkey 22‑unit multifamily asset in unincorporated Los Angeles, priced under $200k per unit.
- Prime location just a short distance from SoFi Stadium, Intuit Dome, YouTube Theater, The Kia Forum, and Hollywood Park.
- Approved RTI permits for 2 ADUs with potential for 3 more.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $474.3k | $22.68 |
| − Vacancy | −$3.3k | −$0.16 |
| EGI | $471.0k | $22.52 |
| − OpEx | −$211.9k | −$10.13 |
| NOI | $259.0k | $12.39 |
20,912 SF · lease $22.68/SF/yr · vacancy 0.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.70M
$3.24M – $4.32M
NOI $259,030 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.53M
$7.47M – $9.95M
NOI $597,247 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 22-unit multifamily property near SoFi Stadium and Intuit Dome.
Where is this apartment building located?
The property is located at 10720 Burin Avenue Inglewood, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Turnkey 22‑unit multifamily asset in unincorporated Los Angeles, priced under $200k per unit.; Prime location just a short distance from SoFi Stadium, Intuit Dome, YouTube Theater, The Kia Forum, and Hollywood Park.; Approved RTI permits for 2 ADUs with potential for 3 more.
