8804 Beach St 6 Unit Apartment Building $1,280,000 ($213,333/Unit) 7.24% Cap Rate Los Angeles, CA 90002

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. The properties can be purchased together or separately, offering flexibility for investors seeking either a larger portfolio addition or an individual asset. Additionally, there is significant upside potential through the development of up to 3 detached ADUs on each parcel, using SB 1211.
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. Whether purchased together or separately, 8804 & 8806 Beach St offers a compelling value-add investment in a growing market.