7749-7755 Saint Bernard St - Apartments FOR SALE


Playa Del Rey, CA 90293
$4,500,000 USD
310-259-7556
7749-7755 Saint Bernard St, Playa Del Rey, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/37
null | 5.06% Cap Rate

7749-7755 Saint Bernard St
Playa Del Rey, CA 90293


HIGHLIGHTS

  • Oversized units with balconies and pool on-site.
  • 5% in place Cap Rate and sub 12 GRM with over 55% rental upside
  • Well Below Market Price per foot and below replacement cost. offers $268 a foot in Playa Del Rey is unheard of
  • Across from the Brand New LuLu's complex offering country club amenities for free
  • 14 Parking spaces on site
  • New Roof and Soft Story Retrofit Completed

OVERVIEW

ncredible 14 unit Trophy Asset being offered below replacement cost and well below the market on price per foot. All units are oversized and offer private balconies and patios as well as a on-site pool. Located in the highly desirable location of Playa Del Rey or tech hub, Silicon Beach, this property not only has on-site amenities but has the advantage of being steps from LuLu's place. Lulu's place is a state of the art sports facility offering free access to Tennis Courts, Pickleball, Volleyball, Soccer Fields, and more. Tenants will have their own private country club in their backyard. The Haywood Apartments are not only in one of the most desirable pockets of Los Angeles, but can be acquired at a 5% Cap Rate and a sub-12 GRM with 55% rental upside. This asset is well maintained and recently had it's Soft Story Retrofit completed as well as a brand new roof. To add to this property's desirability, The Haywood also has the most ideal unit mix with nine 2-bed and 2-bath units, and four 1-bed and 1-bath units, and just one 3-bed and 3-bath unit. The Haywood apartments just get better and better. Do not miss your opportunity to own a well-maintained Trophy Asset in an A+ location with 55% upside in value being offered under current indicators.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$346 USD /SF

# OF UNITS

14

PRICE/UNIT

$321,429

CAP RATE

5.06%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,102 SF

ZONING

LAR3

APN/PARCEL ID

4118-010-041

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.