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Multifamily

11022 S Grevillea Ave & 11203 Burin Ave

11022 S Grevillea Ave & 11203 Burin Ave, Inglewood, CA 90304

Listing Price: $1,935,000

Cap Rate
3.30%
Number of Units
10
Price/Unit
$193,500
Price/Gross SF
$238.36
Gross SF
8,118

Investment Overview

Marcus & Millichap is pleased to present 11022 Grevillea & 11203 Burin in Inglewood, California. It is located right of the 405 freeway with the 105 freeway right to the east of it. It is centrally located with access to public transportation. The offering is in a strong rental location proximate to schools and retail centers. The subject property has total of 10 units. The unit mix consists of all 1 Bd/ 1 Ba that are all very spacious units. All units are very well-maintained and there is 100% collections on them. The property comprises 2 of two buildings, that are back to back lots which gives potential to subdivide and sell separately. The property also features onsite laundry and ample amount of parking. 11022 Grevillea & 11203 Burin would make a great addition to the portfolio of any investor looking for an excellent unit mix and reliable cash flow.

Investment Highlights

  • Lowest Per Unit, Per Foot in Recent Comps, and Currently Available
  • 9.94 GRM Market - 13.43 GRM Current
  • Located in Opportunity Zone
  • Ample On-Site Parking & Extremely Well Maintained
  • xl lOT - Block - Block - Potential to Subdivide and Sell Separately
  • 100% Collections
  • +/- 26% Upside in Rents
  • Potential to Add up to 5 additional units per AB 68

Multifamily

11022 S Grevillea Ave & 11203 Burin Ave

Listing Price: $1,935,000

Cap Rate
3.30%
Number of Units
10
Price/Unit
$193,500
Price/Gross SF
$238.36
Gross SF
8,118

Investment Highlights

  • Lowest Per Unit, Per Foot in Recent Comps, and Currently Available
  • 9.94 GRM Market - 13.43 GRM Current
  • Located in Opportunity Zone
  • Ample On-Site Parking & Extremely Well Maintained
  • xl lOT - Block - Block - Potential to Subdivide and Sell Separately
  • 100% Collections
  • +/- 26% Upside in Rents
  • Potential to Add up to 5 additional units per AB 68

Investment Overview

Marcus & Millichap is pleased to present 11022 Grevillea & 11203 Burin in Inglewood, California. It is located right of the 405 freeway with the 105 freeway right to the east of it. It is centrally located with access to public transportation. The offering is in a strong rental location proximate to schools and retail centers. The subject property has total of 10 units. The unit mix consists of all 1 Bd/ 1 Ba that are all very spacious units. All units are very well-maintained and there is 100% collections on them. The property comprises 2 of two buildings, that are back to back lots which gives potential to subdivide and sell separately. The property also features onsite laundry and ample amount of parking. 11022 Grevillea & 11203 Burin would make a great addition to the portfolio of any investor looking for an excellent unit mix and reliable cash flow.

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