NOT LISTED FOR SALE

8806 Beach St Los Angeles, CA 90002

Estimated Value: $622,194 - $679,000

3 Beds
3 Baths
1,404 Sq Ft
$463/Sq Ft Est. Value

Last Sold July 19, 2019

Last sale price $500,000 $356 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,217/month

37 Days on Market

About This Home

As of July 2019

Attention all agents here is the perfect property for first time investors or first time buyers. 3 units in South Los Angeles.
Owner says sell it. each units is 1bedroom 1 bath each with plenty of parking in rear of property. Property next door is also for sale seller can together or separately. Hurry this one won't last. To show drive by only. Make all offers subject to interior inspection. Buyer to cooperate with sellers 1031 exchange at no cost to buyer.

Last Agent to Sell the Property

Victor Ambriz Jr

Keller Williams SELA License #00952349 Listed on: 04/01/2019

Keller Williams SELA

Last Buyer's Agent

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,218

Year Built

  • Built in 1924

Lot Details

  • 4,249 Sq Ft Lot
  • No Common Walls
  • Flag Lot

Home Design

  • 1,404 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 6044
  • Assessor Parcel Number 6044014003

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,575
  • New Taxes Expense $6,562
  • Operating Expense $8,137
  • Gross Income $31,200
  • Net Operating Income $23,063

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,218

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LCR2YY
  • Property Type: Residential Income
  • Parcel Number: 6044014003
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 356.13

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Flag Lot
  • Lot Size Sq Ft: 4249.00
  • Lot Size Acres: 0.0975

Multi Family

  • Average1 Bed Area: 468 Square Feet
  • Gross Income: 31200.00
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1575.00
  • Lot Size Area: 4249.0000 Square Feet
  • Net Operating Income: 23063.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 8137.00
  • Rent Control: Yes
  • Total Actual Rent: 2600.00
  • Total Expenses: 8137.00

Tax Info

  • New Taxes Expense: 6562.00
  • Tax Census Tract: 5354.00
  • Tax Lot: 2
  • Tax Tract Number: 6044

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2025
Sold by
1364 Revocable Living Trust and Fallahassady Ali
Bought by
Ankle & Foot Care Center Inc
Current Estimated Value
$649,549

Purchase Details

Closed on
Nov 17, 2023
Sold by
Fallahassady Ali
Bought by
1364 Revocable Living Trust and Fallahassady

Purchase Details

Closed on
Dec 15, 2021
Sold by
A & F Beach Llc
Bought by
Fallahassady Mi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2019
Sold by
A & F Beach Llc
Bought by
A & F Beach Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$731,250
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
May 17, 2019
Sold by
South Beach Street Llc
Bought by
A & F Beach Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 3, 2019
Sold by
Kazaryan Stepan and Kazaryan Yevgenya Jenny
Bought by
South Beach Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 2016
Sold by
Herrera Salvador
Bought by
Kazaryan Stepan and Kazaryan Yevgenya Jenny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
3.44%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 18, 2005
Sold by
Herrera Maria Elia
Bought by
Herrera Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
5.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2003
Sold by
Herrera Salvador and Herrera Raul
Bought by
Herrera Salvador
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ankle & Foot Care Center Inc $1,220,000 Lawyers Title Company
1364 Revocable Living Trust -- None Listed On Document
Fallahassady Mi $525,000 Pacific Coast Title
A & F Beach Llc -- Pacific Coast Title
A & F Beach Llc $997,000 Pacific Coast Title
South Beach Street Llc -- None Available
Kazaryan Stepan $305,000 Property Id Title
Herrera Salvador -- --
Herrera Salvador -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fallahassady Ali $393,750
Previous Owner Fallahassady Mi $393,750
Previous Owner A & F Beach Llc $731,250
Previous Owner A & F Beach Llc $750,000
Previous Owner Kazaryan Stepan $185,000
Previous Owner Kazaryan Stepan $175,000
Previous Owner Herrera Salvador $134,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2019 07/19/19 Sold $500,000 -4.8% $356 / Sq Ft
05/08/2019 05/08/19 Pending -- -- --
04/01/2019 04/01/19 For Sale $525,000 -- $374 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,218 $557,134 $408,565 $148,569
2024 $8,218 $546,210 $400,554 $145,656
2023 $7,834 $535,500 $392,700 $142,800
2022 $7,358 $513,221 $226,724 $286,497
2021 $7,279 $503,159 $222,279 $280,880
2020 $7,330 $498,000 $220,000 $278,000
2019 $5,635 $364,140 $234,090 $130,050
2018 $5,506 $357,000 $229,500 $127,500
2016 $4,122 $243,672 $76,483 $167,189
2015 $4,066 $240,013 $75,335 $164,678
2014 $4,074 $235,313 $73,860 $161,453
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19074505

California Regional Multiple Listing Service (CRMLS)

APN: 6044-014-003