8804 Beach St - Apartments FOR SALE


Los Angeles, CA 90002- Florence-Graham
$1,249,000 USD
424-220-8960
8804 Beach St, Los Angeles, CA for Sale
$1,249,000 USD
Apartments - FOR SALE
1/10
null | 7.17% Cap Rate

8804 Beach St
Los Angeles, CA 90002
Florence-Graham


HIGHLIGHTS

  • OVER 6.5% CASH ON CASH RETURN DAY 1!
  • ELIGIBLE FOR COMMERCIAL OR RESIDENTIAL FINANCING
  • STRONG EXISTING CASH FLOW W/ ADU POTENTIAL FOR ADDITIONAL VALUE CREATION

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,249,000 USD

PRICE/SF

$890 USD /SF

# OF UNITS

6

PRICE/UNIT

$208,167

CAP RATE

7.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,500 SF

ZONING

LCR2YY

APN/PARCEL ID

6044-014-002,6044-014-003

ASK ABOUT THIS PROPERTY

Chris van VuurenLyon Stahl Investment Real EstateMore Info
424-220-8960

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Chris van VuurenLyon Stahl Investment Real EstateMore Info
424-220-8960

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.