7851 Talbert St - Apartments FOR SALE


Playa Del Rey, CA 90293
$2,500,000 USD
310-382-1063
7851 Talbert St, Playa Del Rey, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/18
null | 4.65% Cap Rate

7851 Talbert St
Playa Del Rey, CA 90293


HIGHLIGHTS

  • Two vacant units
  • Many parking spaces and ADU potential
  • New paint and a newly coated roof

OVERVIEW

Location! Location! Location! This six unit building located near a quiet corner lot and just a quick drive from the beautiful beaches of Playa Del Rey offers an incredible investment opportunity to prospective buyers. The property consists of a large unit mix, including two 2BD/2BA units, one 2BD/1.5BA unit, one 2BD/1ba unit and two 1BD/1BA units. Unit #4 (2BD/1.5BA) is currently vacant and Unit #3 (1BD/1BA) can be vacant at close of escrow. Built in 1960 the property has been well maintained by previous and current owners. 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. Rent was last raised on February 1st, 2024. Give us a call to discuss ADU potential. There is garage space for one if not two ADUs.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$506 USD /SF

# OF UNITS

6

PRICE/UNIT

$416,667

CAP RATE

4.65%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,931 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

4118-001-018

ASK ABOUT THIS PROPERTY

Jack MccannLyon Stahl Investment Real EstateMore Info
310-382-1063

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Jack MccannLyon Stahl Investment Real EstateMore Info
310-382-1063

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