11
See all 11 photos
$995,000
Est. payment /mo
8 BD
6 BA
2,836 SqFt
Active
9916 Beach ST Los Angeles, CA 90002
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UPDATED:
12/19/2024 01:21 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,836 sqft
Price per Sqft $350
MLS Listing ID 24471515
Bedrooms 8
HOA Y/N No
Year Built 1923
Lot Size 6,647 Sqft
Property Description
Part of an 11 Building Portfolio! Can be sold individually or as a portfolio. 9916 Beach St offers great Day 1 cash flow with great upside in rents. Due to the good income and very low expense ration, this property will qualify for attractive financing. Offered at nearly a 7% cap rate with a market cap rate of 14.5%. The property is fully occupied and offers additional upside with the creation of additional units per SB 1211.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR1
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Oven
Laundry None
Exterior
Parking Features Carport
Pool None
Community Features Gated
Roof Type Rolled/Hot Mop
Total Parking Spaces 4
Private Pool No
Building
Lot Description Rectangular Lot
Story 1
Entry Level One
Sewer Other
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6048030004
Security Features Gated Community
Special Listing Condition Standard
Listed by Peter James • Lyon Stahl Investment Real Estate, Inc.