9916 Beach Street

Los Angeles, CA 90002

$995,000

List Price

8

bed Beds

6

shower Baths

2,836 sqft

straighten / sqft

1923

calendar_month Built

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.

Listing Information

List Price $995,000
Status Active
MLS 24471515
Type Residential Income
Year Built 1923
Lot Size 6,648
Structure Size 2,836
DOM 8
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent Peter James DRE#01748556
Co-Listing Agent William James DRE#01734419

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 6
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Peter James, William James, Lyon Stahl Investment Real Estate, Inc. 310-467-7581. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 19th, 2024 at 1:21 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.