11031 South Burin Avenue, Unit 4

Inglewood, CA 90304

$1,899,900
Price
13
Beds
9
Baths
4,947 Sq. Ft.
$384 / Sq. Ft.
4,947
Sq. Ft.
$384
per Sq. Ft.

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,...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 REAR OPPORTUNITY - Schedule a showing today!
  1. Listed by Ime Oduok • DRE #01819628 • Brokerage DRE #01811831 • Equity Union • 310-291-6466

Property Details for 11031 South Burin Avenue, Unit 4

View
None
Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
4947
Assessor Parcel Number
4037-014-013

Open Houses

Sunday, Nov 17th

1:00 PM - 4:00 PM

Public

LISTING UPDATED: 11/15/2024 09:29 AM

Property Details for 11031 South Burin Avenue, Unit 4

StatusActive
MLS #SB24230876
Days on Market7
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2018
Lot Size0.13 AC / 5,810 SF
CountyLos Angeles County

Building Information for 11031 South Burin Avenue, Unit 4

Stories2Residences-Year Built2018Building Size-Lot Size0.13 AC / 5,810 SF

Property Information for 11031 South Burin Avenue, Unit 4

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $170,400
  • Vacancy Allowance: 5112
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $165,288
  • Net Operating Income: $119,952
  • Gross Multiplier: 11.2
  • Cap Rate: 6.3
Expense Details
  • Operating Expense: $45,336
  • Insurance Expense: $3,463
  • Trash Expense: $144
  • Total Expenses: $45,336
Tax / Assessment Info
  • Tax Tract Number: 287
  • Tax Lot: 39
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Room Type: Kitchen, Living Room
  • Laundry: Yes
  • Laundry Features: Inside, Outside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Heating Type: Central
  • Heating: Central
  • Flooring: Laminate
Exterior Features
  • Entry Location: /
  • Property Condition: Turnkey
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Front Yard, Lot Over 40000 Sqft, Paved, Yard
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available
  • Electric: Electricity Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: On Site
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 11031 South Burin Avenue, Unit 4

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 11031 South Burin Avenue, Unit 4

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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11031 South Burin Avenue, Unit 4 is a multi-family home for sale in Inglewood, CA 90304. This property was listed for sale on November 8, 2024 by Equity Union, it's currently listed at $1,899,900. This listing's school districts are Lennox School District, Centinela Valley Union High School District. Nearby schools include Jefferson Elementary School, Lennox Middle School and Lawndale High School. 11031 South Burin Avenue, Unit 4 is a 13-bed, 9-bath, 4,947 sqft multi-family home built in 2018.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Union, Ime Oduok, DRE #01819628

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.