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$2,500,000

Est. payment - /mo

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7 BD

8 BA

4,937 SqFt

Active

7851 Talbert St Playa Del Rey, CA 90293

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Jason Tomei

[email protected] +1(702) 802-8142

UPDATED:

02/10/2025 11:34 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,937 sqft

Price per Sqft $506

MLS Listing ID 24-424121

Bedrooms 7

Year Built 1960

Lot Size 4,864 Sqft

Acres 0.1117

Property Sub-Type Multi-Family

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 Playa Del Rey

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Above Street Level, Assigned, Garage Is Attached, Driveway - Pavers

Garage Spaces 13.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

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Jason Tomei

Agent | RE.S.0176035

+1(702) 802-8142

7851 Talbert St Playa Del Rey, CA 90293

Jason Tomei

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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7851 Talbert St