Los Angeles, CA 90002,8804 Beach ST #1/2
Los Angeles, CA 90002,8804 Beach ST #1/2
Los Angeles, CA 90002,8804 Beach ST #1/2
Los Angeles, CA 90002,8804 Beach ST #1/2
Los Angeles, CA 90002,8804 Beach ST #1/2
Los Angeles, CA 90002,8804 Beach ST #1/2
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License Number 01925376

License Number 01925376

+1(310) 428-7750
$ 1,249,000
Est. payment | /mo

8,498 Sqft Lot


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$ 1,249,000
Est. payment | /mo
Save

8,498 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SB25072920

HOA Y/N No

Year Built 1924

Lot Size 8,498 Sqft

Property Sub-Type Apartment

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. Additionally, there is significant upside potential through the development of up 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.

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Sidewalks

Total Parking Spaces 12

Private Pool No

Building

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6044014002

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Christopher Van Vuuren • Lyon Stahl Investment Real Estate, Inc. • 714-655-0098
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8804 Beach ST #1/2