7851 Talbert Street, Playa Del Rey, CA 90293
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Listed Price :
$2,500,000
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Beds :
7
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Baths :
8
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Property Size :
4,937 sqft
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Year Built :
1960
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.
Interior Features
| Bedroom Information |
| Bedrooms |
7 |
| Bathroom Information |
| Bathrooms |
8 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
7851 Talbert Street |
| City |
Playa Del Rey |
| State |
CA |
| Zip |
90293 |
| County |
Los Angeles |
| Listing Agent |
John McCann DRE #01963932 |
| Courtesy Of |
Lyon Stahl Investment Real Estate, Inc. |
| List Price |
$2,500,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
4,937 |
| Lot Size |
4,864 |
| Year Built |
1960 |
Listing information courtesy of: John McCann, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 31st, 2025 at 7:29 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.
