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, 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.