Property listed by Lyon Stahl Investment Real Estate, Inc., John McCann 310-425-9838
$2,100,000
This six-unit building, located at 7851 W Talbert Street in the beautiful beachside community of Playa del Rey, represents a prime investment opportunity and a true trophy property. The property consists of a large unit mix, including one 2-bedroom/2-bathroom unit, one 2-bedroom/1.5-bathroom unit, one 2-bedroom/1-bathroom unit and three 1-bedroom/1-bathroom units.… Read More The building offers a total of 4,937 square feet of living space situated on a 4,849 square foot lot. Built in 1960, this well-maintained property is listed at $2,100,000 equating to $350,000 per unit and $425 per rentable square foot. The property currently generates $14,166 per month and $169,993 per year in rental income, with a potential increase to $18,115 per month and $217,380 per year at market rent levels, reflecting a significant 28% rental upside potential. All tenants are currently on MTM leases with the exception of unit #4 which is currently vacant. The property's exterior and walkways were recently pressure washed. The owner hired a professional painting company to paint the entire exterior, including trim, handrails, and all 6 garages. The roof was completely recoated with two coats of silicone that is warrantied up to 10 years. All these improvements have successfully revamped this gem into a beautiful, modern looking and easy to maintain property for the new owners. Give us a call to discuss ADU potential. There is garage space for at least one if not two ADUs. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
7
Square Ft.
4,937
Lot Size
0.11 Acres
Year Built
1960
MLS Number
25602025
30 Days Snapshot Of 90293
$1.12M
-14%
(avg) sold price
12
-33%
homes sold
88
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1960, Building area total: 4,937, Levels: MultiSplit, Living area: 4937, 1 building
Cooling
WallWindowUnits
Garage
6 spaces
Heating
WallFurnace
Income
Gross income: $169,993, Net operating income: $114,974
Lot
0.1117 acres, 4,864 square feet, Size: 4,864
Parking
8 open parking spaces, 14 totals parking, DoorSingle, Driveway, Garage
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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