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11031 Burin Avenue

Inglewood, CA 90304

PRICE INCREASE

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+$61,000 (+3.21%)

$1,960,000

List Price

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2018

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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!

Listing Information

List Price $1,960,000
Status Active
MLS SB24230876
HOA $0
Type Residential Income
Subtype Quadruplex
Year Built 2018
Lot Size 5,810
Structure Size N/A
DOM 37
Courtesy Of Equity Union
Listing Agent Ime Oduok DRE#01819628

Interior Features

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Location(s) Inside, Outside
Total Bedroom
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Flooring Information
Material Laminate
Fireplace Information
Features None

Exterior Information

Maps

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Listing information courtesy of: Ime Oduok, Equity Union . *Based on information from the Association of REALTORS/Multiple Listing as of Dec 17th, 2024 at 12:58 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.