Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90002 8804 Beach Street 1/2

Pending
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Presented By: Christopher Van Vuuren with Lyon Stahl Investment Real Estate, Inc.; 714-655-0098
  • MLS# SB25072920
  • 04/03/2025
  • Request Tour
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  • Beds • 6
  • Baths • 6
  • SQFT • 2,808
  • Year Built • 1924

Home Details

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.
Presented By: Christopher Van Vuuren with Lyon Stahl Investment Real Estate, Inc.; 714-655-0098

Interior Features for 8804 Beach Street 1/2

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 8804 Beach Street 1/2

Additional Parcels Description6044014003
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.17
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
ContingencyContact listing agent for more info
CountyLos Angeles
DirectionsS on Graham E on E 88th
Electric On Property Y/NNo
Entry Locationwalk up
Garage Spaces0.0
Garage Y/NNo
Gross Income122568.0
HOANo
Home Warranty Y/NNo
Insurance Expense3510.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet8500.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
Net Operating Income89600.0
New ConstructionNo
Number Of Units Total6
Open Parking Spaces12.0
Operating Expense29471.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories1
Tax Lot3
Tenant PaysElectricity, Gas, TrashCollection
Trash Expense0.0
Unit Number1/2
Water Sewer Expense2326.0
Year Built1924
Year Built SourceAssessor

Exterior for 8804 Beach Street 1/2

Building Area Total2808.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1951
Lot Size Area8500.0
Lot Size SourceOther
Number of Buildings6
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking12.0
Water SourcePublic
WaterfrontY/NNo

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $1,249,000
MLS#SB25072920
List Date 04/03/2025
Property Type Pending
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