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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$2,350,000

Est. payment - /mo

7 Beds

8 Baths

4,937 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,937 sqft

Price per Sqft $475

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, one 2-bedroom/1.5-bathroom unit, one 2-bedroom/1-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$2,350,000 equating to $391,667 per unit and $476 per rentable square foot. The property currently generates $14,811 per month and $177,732 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 28% rental upside potential.All tenants are currently on MTM leases with the exception of unit #4 which is currently vacant and unit 3 which is under lease until July 2026. 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

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Listed by John McCann Lyon Stahl Investment Real Estate, Inc.

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7851 Talbert ST Playa Del Rey, CA 90293