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Part of an 11 Building Portfolio! Can be sold individually or as a portfolio. 9916 Beach St offers great Day 1 cash flow with great upside in rents. Due to the good income and very low expense ration, this property will qualify for attractive financing. Offered at nearly a 7% cap rate with a market cap rate of 14.5%. The property is fully occupied and offers additional upside with the creation of additional units per SB 1211.
Property Type(s):
Residential Income
| Last Updated | 12/11/2024 | Year Built | 1923 |
|---|---|---|---|
| Community | Metropolitan South | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Oven |
| AREA | Metropolitan South |
| CONSTRUCTION | Stucco |
| GARAGE | Carport |
| HEAT | Wall Furnace |
| LOT | 6648 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| PARKING | Carport |
| POOL DESCRIPTION | None |
| SEWER | Other |
| STORIES | 1 |
| ZONING | LAR1 |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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