Property listed by Lyon Stahl Investment Real Est, Woody Stahl [email protected]
$1,995,000
8124 W 83rd Street is a well-maintained 5-unit apartment building located in the coveted area of Playa del Rey. This property features ideal unit mix, including (1) 3-bed/2-bath, (2) 2-bed/1-bath, and (2) 1-bed/1-bath units, catering to a range of tenant needs. The building features copper plumbing throughout, ensuring long-term durability… Read More and low maintenance requirements. The property offers a strong financial return from day one, for sale at a near 5% CAP rate and 12.85 GRM w/ 27% rental upside. Through continued improvements and simple rent increases, the property has potential to operate at a 6.80% CAP rate and 10.13 GRM. With a highly desirable location with easy access to the beach, Loyola Marymount University, and Playa del Rey's and Playa Vista's retail and dining options, this property represents a prime investment opportunity in a sought-after neighborhood. Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
Mixed Use
Lot Size
0.14 Acres
Year Built
1958
MLS Number
PW25014606
30 Days Snapshot Of 90293
$1,147k
0%
(avg) sold price
0
-100%
homes sold
91
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1958, Building area total: 4,351, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Biking
Expenses
Gardener expense: $1,180, Insurance expense: $6,527, Maintenance expense: $6,210, New taxes expense: $24,939, Operating expense: $51,476, Other expense: $4,857
Garage
4 spaces
Income
Gross income: $155,252, Net operating income: $99,119
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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