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10934 Burin Ave 9 Unit Apartment Building $1,850,000 ($205,556/Unit) 7.16% Cap Rate Inglewood, CA 90304
Investment Highlights
- Each unit newer central AC
- Double paned windows
- Historical near 0% vacancy, near market rents & low delinquencies with amazing long-term tenants
- Gated property
Executive Summary
This property has been meticulously owner managed. This property benefits from extreme rent demand, operating at nearly 0% historical vacancy and delinquency rates with strong rent roll of quality tenants and low turn-over. Centrally located prime Lennox property – close to LAX, Sofi Stadium/Hollywood Park/Intuit Dome, Beach Cities, and the 405 and 105 freeways.
Controlled access pedestrian gate
New light fixtures, landscaping, full exterior paint
Sound proofed double-paned windows
Central AC for all units
Onsite laundry with mobile phone pay
Historically *very* low maintenance tenants
Controlled access pedestrian gate
New light fixtures, landscaping, full exterior paint
Sound proofed double-paned windows
Central AC for all units
Onsite laundry with mobile phone pay
Historically *very* low maintenance tenants
Property Facts
| Price | $1,850,000 | Building Class | C |
| Price Per Unit | $205,556 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 8,162 SF |
| Cap Rate | 7.16% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.63 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 1.61/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LCR3PV | ||
| Price | $1,850,000 |
| Price Per Unit | $205,556 |
| Sale Type | Investment |
| Cap Rate | 7.16% |
| Gross Rent Multiplier | 11.63 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 8,162 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.61/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LCR3PV |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Double Pane Windows
- Framed Mirrors
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Property Manager on Site
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (83)
Property Taxes
| Parcel Number | 4037-015-021 | Improvements Assessment | $437,456 |
| Land Assessment | $1,531,102 | Total Assessment | $1,968,558 |
Property Taxes
Parcel Number
4037-015-021
Land Assessment
$1,531,102
Improvements Assessment
$437,456
Total Assessment
$1,968,558
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Presented by
Russo Company
10934 Burin Ave
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