8804 Beach St Unit 1/2 Los Angeles, CA 90002
6
Beds
--
Bath
2,808
Sq Ft
8,500
Sq Ft Lot
About This Home
As of June 20258804-8806 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.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 714-655-0098 License #02060007 Listed on: 04/03/2025
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 714-655-0098 License #02060007 Listed on: 04/03/2025
Property Details
Home Type
- Apartment
Year Built
- Built in 1924
Lot Details
- 8,500 Sq Ft Lot
- No Common Walls
- 6044014003
Interior Spaces
- 6 Bedrooms
- 2,808 Sq Ft Home
- 1-Story Property
Parking
- 12 Open Parking Spaces
- 12 Parking Spaces
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Tax Lot 3
- Tax Tract Number 5354
- Assessor Parcel Number 6044014002
- $3,477 per year additional tax assessments
Community Details
Overview
- 6 Buildings
- 6 Units
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,510
- Water Sewer Expense $2,326
- Operating Expense $29,471
- Gross Income $122,568
- Net Operating Income $89,600
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | Sold | $1,220,000 | -2.3% | $434 / Sq Ft |
| 06/03/2025 06/03/25 | Pending | -- | -- | -- |
| 04/03/2025 04/03/25 | For Sale | $1,249,000 | -- | $445 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Chris van Vuuren
Seller's Agent in 2025
Chris van Vuuren
Lyon Stahl Investment Real Estate, Inc.
(714) 655-0098
1 in this area
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25072920
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