9916 Beach Street
Los Angeles, CA 90002
Active for $995,000
Beds: 8 Baths: 6 Structure Size: 2,836 sqft Lot Size: 6,648 sqft
| MLS | 24471515 |
| Year Built | 1923 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $995,000 |
| Structure Size | 2,836 sqft |
| Lot Size | 6,648 sqft |
| Beds | 8 |
| Baths | 6 |
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 courtesy of: Peter James, Lyon Stahl Investment Real Estate, Inc. 310-467-7581. *Based on information from the Association of REALTORS/Multiple Listing as of 01/09/2025 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.
Location
Contact a Local Realtor®
Tina Keuroghlian
REALTOR®
Direct: 818.262.0621
Email: Email Me
DRE: 01880857
DRE #01873088
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