8124 W 83Rd Street

Playa Del Rey, CA 90293

$1,995,000

List Price

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1958

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Property Description

8124 W 83rd Street is a well-maintained 5-unit apartment building located in the coveted area of Playa del Rey. This property features ideal unit mix, including (1) 3-bed/2-bath, (2) 2-bed/1-bath, and (2) 1-bed/1-bath units, catering to a range of tenant needs. The building features copper plumbing throughout, ensuring long-term durability and low maintenance requirements. The property offers a strong financial return from day one, for sale at a near 5% CAP rate and 12.85 GRM w/ 27% rental upside. Through continued improvements and simple rent increases, the property has potential to operate at a 6.80% CAP rate and 10.13 GRM. With a highly desirable location with easy access to the beach, Loyola Marymount University, and Playa del Rey's and Playa Vista's retail and dining options, this property represents a prime investment opportunity in a sought-after neighborhood.

Listing Information

List Price $1,995,000
Status Active
MLS PW25014606
Type Residential Income
Subtype Mixed Use
Year Built 1958
Lot Size 6,254
Structure Size N/A
Courtesy Of Lyon Stahl Investment Real Est
Listing Agent Woody Stahl DRE#01399621
Co-Listing Agent Brett Lyon DRE#01717818

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Woody Stahl, Brett Lyon, Lyon Stahl Investment Real Est 310-425-9838. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 21st, 2025 at 10:52 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.