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$ 2,425,000
Est. payment /mo
New
7851 Talbert ST Playa Del Rey, CA 90293
7 Beds
8 Baths
4,937 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,937 sqft
Price per Sqft $491
MLS Listing ID 25522551
Bedrooms 7
HOA Y/N No
Year Built 1960
Lot Size 4,865 Sqft
Property Description
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, two 2-bedroom/1.5-bathroom unit, and three 1-bedroom/1-bathroom units. 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 $2,425,000 equating to $404,167 per unit and $491 per rentable square foot. The property currently generates $15,291 per month and $183,493 per year in rental income, with a potential increase to $18,940 per month and $227,280 per year at market rent levels, reflecting a significant 24% rental upside potential. All tenants are currently on MTM leases with the exception of unit #3 and unit #4 which are 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.
Location
State CA
County Los Angeles
Area C31 - Playa Del Rey
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Door-Single, Driveway, Garage
Garage Spaces 6.0
Garage Description 6.0
Total Parking Spaces 14
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4118001018
Special Listing Condition Standard
Listed by John McCann • Lyon Stahl Investment Real Estate, Inc.