22-Unit Apartment
For Sale
$3,799,000
10720 Burin Avenue, Inglewood, CA 90304
Commercial Sale, Inglewood, CA
Property Size11,879 SF
Lot Size0.38 Acres
Price / SF$319.81
Days on Market45
Property Features for 10720 Burin Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LCR3PY
Directions
1 Block West of Lennox Blvd and Hawthorne Blvd
Subdivision
105 - Lennox
Standard status
Active
APN
4036017025
Lot size
0.38 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Utilities
Cooling system
Central Air
Amenities
gated central courtyard
Building Details
Year built
1963
Buildings
1
Listing Agency:
Beach City Brokers
(310) 543-3536
Listed By:
Gary Elminoufi · License #01139207
(310) 292-0332
Added: Sep 23
Changed: Nov 2
Last Checked: Nov 6 at 1:06PM
MLS# SB26206196
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-story apartment property contains 22 units across 11,879 square feet on a 16,339-square-foot lot. A gated central courtyard and 32 parking spaces serve the building, which was constructed in 1963 and has central air. Most units have been upgraded, and the property is fully occupied. Zoning is LCR3PY.
Approved plans and RTI permits cover two 575-square-foot, one-bedroom ADU conversions within existing covered parking, with potential for three additional conversions. Electric, gas, and water are master metered; RUBS implementation is underway to recover a portion of utility costs. The property is 1.5 miles from SoFi Stadium and Hollywood Park and 3 miles from LAX.
Approved plans and RTI permits cover two 575-square-foot, one-bedroom ADU conversions within existing covered parking, with potential for three additional conversions. Electric, gas, and water are master metered; RUBS implementation is underway to recover a portion of utility costs. The property is 1.5 miles from SoFi Stadium and Hollywood Park and 3 miles from LAX.
Key Highlights
- 22 apartment units in a two‑story building
- 11,879 square feet on a 16,339‑square‑foot lot
- Gated central courtyard and 32 parking spaces
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 - A gated courtyard, 32 parking spaces, and central air serve this two-story multifamily property.
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 building; 11,879 square feet on a 16,339‑square‑foot lot; Gated central courtyard and 32 parking spaces
