Property
Beds
7
Full Baths
None
1/2 Baths
None
Year Built
1960
Sq.Footage
4,937
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.
Features & Amenities
Interior
-
Total Bedrooms
7
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Wall Furnace
Exterior
-
Garage
Yes
-
Garage spaces
6
-
Parking
Driveway, Garage
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.1117
-
Property Type
Residential Income
Price
-
Sales Price
$2,350,000
-
Sq. Footage
4, 937
-
Price/SqFt
$475
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of John McCann , Lyon Stahl Investment Real Estate, Inc.
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