9916 Beach ST new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90002
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