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Listed by Ime Inyang Oduok • Equity Union
$ 1,960,000
Est. payment /mo
Active
11031 Burin Avenue Inglewood, CA 90304
4,947 SqFt
UPDATED:
12/16/2024 08:06 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,947 sqft
Price per Sqft $396
MLS Listing ID SB-24230876
Year Built 2018
Lot Size 5,810 Sqft
Property Description
This exceptional, newly constructed 4-unit apartment building offers a prime investment opportunity or an ideal owner/user scenario. Comprising two separate duplexes--a front duplex built in 2018 and a back ADU duplex completed in 2024--this property delivers strong cash flow with low maintenance. There is no need to worry about RENT CONTROL as the building is being offered 100% vacant, providing immediate occupancy or leasing flexibility. The front duplex features two spacious, townhouse-style units, each with 4 bedrooms and 3 bathrooms. These units offer large, open floor plans and high-end finishes throughout. The back duplex includes a 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit, perfect for attracting quality tenants seeking modern living in a desirable location. Cap Rate of 6.3% and a GRM of 11.2, providing strong cash flow potential. They are individually metered for water, gas, and electricity--ensuring minimal owner responsibility for utilities. Mini split system for energy-efficient heating and cooling in each unit. Low-maintenance construction and finishes designed for durability and long-term performance. Located in a prime, centrally situated area, this property is just minutes from major landmarks such as LAX, SoFi Stadium, SpaceX headquarters, and the Intuit Dome Arena. The beach is a short drive away, and the property offers convenient access to the 405, 105, and 110 freeways, making commuting and travel a breeze. Whether you're an investor seeking solid returns or an owner looking to live in one unit and rent out the others, this property checks all the boxes. Don't miss out on this rare opportunity to acquire a modern, turnkey asset in one of the most dynamic and sought-after areas of Los Angeles. This is a RARE OPPORTUNITY - Schedule a showing today!
Location
State CA
County Los Angeles
Zoning LCR3YY
Interior
Heating Central
Flooring Laminate
Fireplaces Type None
Laundry Inside, Outside
Exterior
Parking Features On Site
Pool None
Community Features Curbs
Utilities Available Electricity Available
View Y/N No
View None
Building
Lot Description Front Yard, Lot Over 40000 Sqft, Paved, Yard
Sewer Public Sewer