9916 Beach St Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90002
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,836 sqft
Price per Sqft $350
MLS Listing ID 24-471515
Bedrooms 8
Year Built 1923
Lot Size 6,648 Sqft
Acres 0.1526
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 Metropolitan South
Zoning LAR1
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment Range/Oven
Laundry None
Exterior
Parking Features Carport
Garage Spaces 4.0
Pool None
Roof Type Flat, Rolled/Hot Mop
Building
Lot Description Alley Paved, Fenced, Lot Shape-Rectangular
Story 1
Sewer In Street
Water Public
Level or Stories One
Structure Type Stucco
Others
Special Listing Condition Standard