8
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$640,000
Est. payment /mo
New
8804 Beach Street Los Angeles, CA 90002
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25058661
HOA Y/N No
Lot Size 4,251 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
8804 & 8806 Beach St presents a rare opportunity to acquire two adjacent parcels in a high-demand rental market in Los Angeles. Each parcel consists of three charming bungalow-style units, totaling six units, all featuring 1-bedroom, 1-bath layouts with private patios. The properties can be purchased together or separately, offering flexibility for investors seeking either a larger portfolio addition or an individual asset. Additionally, there is significant upside potential through the development of up to 3 detached ADUs on each parcel, using SB 1211. Recent capital improvements include fresh exterior paint, new roofs, and upgraded electrical panels, ensuring a well-maintained asset with reduced maintenance costs. Each unit is separately metered for gas and electricity and has an individual water heater, minimizing landlord expenses and enhancing operational efficiency. Additionally, each parcel provides six uncovered parking spaces, further increasing its appeal and potential for future value creation. Located in a strong rental corridor with high occupancy rates, this asset benefits from the continued demand for affordable housing in Los Angeles. The opportunity to add ADUs aligns with Californias ongoing push for housing expansion, allowing an investor to significantly increase rental income while maximizing the full potential of the site. Whether purchased together or separately, 8804 & 8806 Beach St offers a compelling value-add investment in a growing market.
8804 & 8806 Beach St presents a rare opportunity to acquire two adjacent parcels in a high-demand rental market in Los Angeles. Each parcel consists of three charming bungalow-style units, totaling six units, all featuring 1-bedroom, 1-bath layouts with private patios. The properties can be purchased together or separately, offering flexibility for investors seeking either a larger portfolio addition or an individual asset. Additionally, there is significant upside potential through the development of up to 3 detached ADUs on each parcel, using SB 1211. Recent capital improvements include fresh exterior paint, new roofs, and upgraded electrical panels, ensuring a well-maintained asset with reduced maintenance costs. Each unit is separately metered for gas and electricity and has an individual water heater, minimizing landlord expenses and enhancing operational efficiency. Additionally, each parcel provides six uncovered parking spaces, further increasing its appeal and potential for future value creation. Located in a strong rental corridor with high occupancy rates, this asset benefits from the continued demand for affordable housing in Los Angeles. The opportunity to add ADUs aligns with Californias ongoing push for housing expansion, allowing an investor to significantly increase rental income while maximizing the full potential of the site. Whether purchased together or separately, 8804 & 8806 Beach St offers a compelling value-add investment in a growing market.
8804 & 8806 Beach St presents a rare opportunity to acquire two adjacent parcels in a high-demand rental market in Los Angeles. Each parcel consists of three charming bungalow-style units, totaling six units, all featuring 1-bedroom, 1-bath layouts with private patios. The properties can be purchased together or separately, offering flexibility for investors seeking either a larger portfolio addition or an individual asset. Additionally, there is significant upside potential through the development of up to 3 detached ADUs on each parcel, using SB 1211. Recent capital improvements include fresh exterior paint, new roofs, and upgraded electrical panels, ensuring a well-maintained asset with reduced maintenance costs. Each unit is separately metered for gas and electricity and has an individual water heater, minimizing landlord expenses and enhancing operational efficiency. Additionally, each parcel provides six uncovered parking spaces, further increasing its appeal and potential for future value creation. Located in a strong rental corridor with high occupancy rates, this asset benefits from the continued demand for affordable housing in Los Angeles. The opportunity to add ADUs aligns with Californias ongoing push for housing expansion, allowing an investor to significantly increase rental income while maximizing the full potential of the site. Whether purchased together or separately, 8804 & 8806 Beach St offers a compelling value-add investment in a growing market.
Location
State CA
County Los Angeles
Area Los Angeles (90002)
Zoning Assessor
Building
Lot Description Curbs
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Monthly Total Fees $144
Acceptable Financing Cash
Listing Terms Cash
Listed by Christopher Van Vuuren • Lyon Stahl Investment Real Estate, Inc.