11031 South Burin Avenue
$1,899,900
13
9
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Open: 11/17 01:00PM - 04:00PM
Description
This exceptional, newly constructed 4-unit apartment building offers a prime investment opportunity or an ideal owner/user scenario. Comprising two separate duplexesa front duplex built in 2018 and a back ADU duplex completed in 2024this 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,...This exceptional, newly constructed 4-unit apartment building offers a prime investment opportunity or an ideal owner/user scenario. Comprising two separate duplexesa front duplex built in 2018 and a back ADU duplex completed in 2024this 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 electricityensuring 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. Dont 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 REAR OPPORTUNITY - Schedule a showing today!
- Listed by REALTOR DOTCOM • DRE #01819628 • Brokerage DRE #01811831 • Equity Union
Property Details for 11031 South Burin Avenue
City Postal ID
INGLEWOOD (90304)
Open Houses
Sunday, Nov 17th
1:00 PM - 4:00 PM
LISTING UPDATED: 11/16/2024 07:34 AM
Property Details for 11031 South Burin Avenue
Status | Active |
---|---|
MLS # | SB24230876 |
Days on Market | 8 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 2-4 Units |
Year Built | - |
Lot Size | 0.13 AC / 5,810 SF |
County | Los Angeles County |
Building Information for 11031 South Burin Avenue
Stories2Residences-Year Built-Building Size-Lot Size0.13 AC / 5,810 SF
Property Information for 11031 South Burin Avenue
Property History for 11031 South Burin Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 11031 South Burin Avenue
Taxable ValueLand$290,145Additions$518,484Total$808,629
Tax Record2024$12,854 ($1,071 / month)
Home Facts
Total Finished SqFt3,422 SqFtAbove Grade Finished SqFt3,422 SqFtStories1Lot Size5,808 SqFtStyleDuplexYear Built2017ZoningLCR3YYCountyLOS ANGELESAPN4037-014-013
Schools near 11031 South Burin Avenue
This home is within Lennox School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Jefferson Elementary School PublicK to 5 | ||
Lennox Middle School Public6 to 8 | ||
Lawndale High School Public9 to 12 | ||
Hawthorne High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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