10720 Burin Ave is a 22-unit multifamily investment opportunity in unincorporated Los Angeles. The two-story, 11,879 SF building wraps a gated central courtyard with 32 parking spaces on a 16,339 SF lot. The asset is 100% occupied with stable in-place income and clear upside, as current rents remain below market under LA County rent stabilization. A majority of units have been upgraded, allowing continued gains with limited capital. Approved plans and RTI permits are in place for two ADUs, 575 SF one-bedroom conversions of existing covered parking, with potential for three more; that income is not included in the financials. The property is master metered for electric, gas and water, with RUBS implementation underway to recover a portion of utility costs from tenants. It sits 1.5 miles from SoFi Stadium and Hollywood Park and three miles from LAX.
11,879 Sq Ft
0.3751 Private Acres Lot Size
commercial
Built in 1963
MLS/Listing ID SB26206196
22 Units
Lot - Near Park
Lot - Near Public Transit
Common Area
Public Water
Community - Park
Cooling - Central Air
TOTAL MONTHLY COST
$0
$0
$0
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.