16
See all 15 photos
$2,500,000
Est. payment /mo
7 BD
8 BA
4,937 SqFt
Active
7851 Talbert ST Playa Del Rey, CA 90293
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UPDATED:
01/31/2025 07:29 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,937 sqft
Price per Sqft $506
MLS Listing ID 24424121
Bedrooms 7
HOA Y/N No
Year Built 1960
Lot Size 4,865 Sqft
Property Description
Location! Location! Location! 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 $2,500,000, equating to $416,667 per unit and $506 per rentable square foot. The property currently generates $15,055 per month and $180,659 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 26% rental upside potential. All tenants are currently on MTM leases with the exception of unit #3 who plans to vacate the property in the coming months and unit #4 which is also 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. Rent will be raised on February 1st, 2025. 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 None
Cooling None
Fireplace No
Exterior
Parking Features Assigned, Driveway Down Slope From Street, Paved
Attached Garage Yes
Total Parking Spaces 13
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.