Los Angeles, CA 90002,9916 Beach St
Los Angeles, CA 90002,9916 Beach St
Los Angeles, CA 90002,9916 Beach St
11
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$995,000
Est. payment /mo
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8 BD
6 BA
2,836 SqFt
Active

9916 Beach St Los Angeles, CA 90002

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Marlyn Kamibayashiyama

Marlyn Kamibayashiyama

+1(702) 325-8918

UPDATED:

12/19/2024 07:01 AM

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


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

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9916 Beach St