9916 Beach St, Los Angeles, CA 90002

Overview

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Property Type: Apartment house
Year Built: 1923
Total Units: 6

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The property at 9916 Beach St offers a multifamily investment opportunity in Los Angeles. Built in 1923, this apartment house consists of six units with a total living area of 2,836 square feet on a lot size of 6,648 square feet. The property features classic construction from the early 20th century, providing a combination of vintage charm and potential for income generation. Zoned as LAR1, this property allows for residential flexibility within a desirable urban setting.

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Neighborhood Overview

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Location: South Los Angeles
Proximity: Close to Century Boulevard, providing easy access to local amenities and transportation networks

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Situated in the South Los Angeles area, this property benefits from a strategic location within a bustling neighborhood. Known for its convenient access to major roads and public transportation, the area offers residents a balance between urban connectivity and community-based living. This location is attractive to tenants who work or study in nearby areas, as it allows them to commute efficiently while enjoying local amenities.

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Local Amenities

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The property is within proximity to essential services, including grocery stores, retail centers, healthcare facilities, and educational institutions. South Los Angeles also offers a variety of recreational spaces and parks, contributing to a vibrant community atmosphere. These conveniences add value to the property for tenants who prioritize access to services within walking or short driving distances.

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Investment Highlights

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• Income Potential: With six units, this property provides a steady rental income stream. The South Los Angeles area has shown rental growth trends, indicating potential for future rent increases, particularly with targeted unit upgrades.
• Zoning and Development Flexibility: Zoned LAR1, this property can be adapted to various residential uses, making it an attractive option for investors looking to maximize property value. Opportunities for further development or improvements can be explored, subject to local zoning regulations.
• Cost Efficiency: With its multifamily setup, the property is likely separately metered for utilities, reducing owner expenses and simplifying management. This setup is appealing to investors who seek operational efficiency.

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Property Features

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Constructed in 1923, the building reflects traditional architectural characteristics, including sturdy construction and spacious unit layouts. While the property is well-maintained, there may be opportunities for modernization to enhance its appeal to prospective tenants. Strategic upgrades to the units could potentially lead to increased rental rates and higher tenant retention, thereby improving overall investment returns.

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This property represents a strong investment opportunity within Los Angeles' multifamily sector. With its stable income potential, location within a growing area, and flexibility for future enhancements, 9916 Beach St is ideal for investors seeking long-term growth and asset appreciation in the Los Angeles market.

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl