Property Detail

Description

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.