22-Unit Courtyard Apartment
10720 Burin Avenue, Inglewood, CA 90304
For Sale
$3,799,000
The two-story property is fully occupied and arranged around a gated central courtyard.
Property Size11,879 SF
Lot Size0.38 Acres
Price / SF$319.81
Days on Market46
Property Features for 10720 Burin Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Additional Details
Utilities to Site
Multifamily Units
Tenant in Place
Amenities
gated central courtyard
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Beach City Brokers
Listed By:
Gary Elminoufi · License #01139207
(310) 292-0332
Source:
Velocityrealtysd
Added: Sep 23
Changed: Nov 6
Last Checked: Nov 6 at 2:49PM
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
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Investment Insights
Based on property information with market context.
This 22-unit apartment property was built in 1963 and contains 11,879 square feet across two stories. A gated courtyard sits at the center of the building, with 32 parking spaces on the 16,339-square-foot lot. Most apartments have been upgraded, and the property is fully occupied. The building is subject to LA County rent stabilization; RUBS implementation is underway to recover a portion of utility costs from tenants. Electric, gas and water are master metered.
Approved plans and RTI permits cover two 575-square-foot, one-bedroom ADUs created from existing covered parking. The property is also described as having potential for three additional ADUs. SoFi Stadium and Hollywood Park are 1.5 miles away, and LAX is three miles away.
Approved plans and RTI permits cover two 575-square-foot, one-bedroom ADUs created from existing covered parking. The property is also described as having potential for three additional ADUs. SoFi Stadium and Hollywood Park are 1.5 miles away, and LAX is three miles away.
Key Highlights
- 22 apartment units in a two‑story, 11,879‑square‑foot building
- Gated central courtyard and 32 parking spaces on a 16,339‑square‑foot lot
- Approved plans and RTI permits for two 575‑square‑foot, one‑bedroom ADUs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,141
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,942,820
$2.9M
Cap Rate 7%
$2,102,014
$2.1M
Cap Rate 9%
$1,634,900
$1.6M
Market Conditions
NOI Build-Up for 11,879 SF
Gross rent
$269.4K $22.68/SF
− Vacancy
−$1.9K −$0.16/SF
EGI
$267.5K $22.52/SF
− OpEx
−$120.4K −$10.13/SF
NOI
$147.1K $12.39/SF
Area
Inglewood, CA
Vacancy
0.70%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,942,820
Cap Rate 7%
$2,102,014
Cap Rate 9%
$1,634,900
Alternative Uses
Best Use
Apartment 5plus
$2.10M
$1.84M – $2.45M
NOI $147,141 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.85M
$4.24M – $5.65M
NOI $339,264 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
22
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,427
Businesses Nearby
Explore this area
Business Placement
Demographics for 90304, CA
26,058
Population
7,673
Households
3.4
Avg Household Size
33
Median Age
14%
College-Educated
56%
High-School Grad
1.6 sq mi
ZIP Area
16,286
Density / Sq Mi
$63,317
Median Household Income
$31,385
Median Earnings
$1,499
Median Rent
$696,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Inglewood, CA
Properties on Market for Apartment buildings in Inglewood
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The two-story property is fully occupied and arranged around a gated central courtyard.
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 $3,799,000.
What are key features of this property?
This property features: 22 apartment units in a two‑story, 11,879‑square‑foot building; Gated central courtyard and 32 parking spaces on a 16,339‑square‑foot lot; Approved plans and RTI permits for two 575‑square‑foot, one‑bedroom ADUs
