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. Additionally, there is significant upside potential through the development of up… Read More to 3 detached ADUs on each parcel, using SB 1211. Separate parcels provides an opportunity for either residential or commercial financing. 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 California’s ongoing push for housing expansion, allowing an investor to significantly increase rental income while maximizing the full potential of the site. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Christopher Van Vuuren 714-655-0098
Listing Snapshot
Days Online
1
Last Updated
Property Type
Apartment
Lot Size
0.2 Acres
Year Built
1924
MLS Number
SB25072920
30 Days Snapshot Of 90002
$557k
-11%
(avg) sold price
11
+37%
homes sold
103
-2%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1924, Building area total: 2,808, Levels: One, 1 story, 6 buildings, Common walls: NoCommonWalls
Community
Sidewalks
Expenses
Insurance expense: $3,510, Operating expense: $29,471, Water sewer expense: $2,326
Income
Gross income: $122,568, Net operating income: $89,600
Laundry
None
Lot
0.1951 acres, 8,500 square feet, Size: 8,500
Parking
12 open parking spaces, 12 totals parking
Pool
None
Sewer
PublicSewer
Tenant Pays
Electricity, Gas, TrashCollection
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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