8124 W 83rd St - Apartments FOR SALE


Playa Del Rey, CA 90293
$1,995,000 USD
310-710-3829
8124 W 83rd St, Playa Del Rey, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

8124 W 83rd St
Playa Del Rey, CA 90293


HIGHLIGHTS

  • Well-Maintained Property in a Prime Playa del Rey Location
  • Large 5 Unit in Playa del Rey | 4,351 RSF on a 6,254 SF Lot
  • Excellent Unit Mix: (1) 3-Bed/2-Bath, (2) 2-Bed/1-Bath, (2) 1-Bed/1-Bath Units & (2) 2-Car Garages On-Site
  • Strong Current Income – 4.97% CAP & 12.85 GRM
  • 27% Rental Upside | 6.80% Market CAP | 10.13 Market GRM
  • Well Located With Easy Access to the Beach, Loyola Marymount University, and Playa del Rey’s and Playa Vista’s Retail & Dining Options

OVERVIEW

8124 W 83rd Street is a well-maintained 5-unit apartment building located in the coveted area of Playa del Rey. This property features ideal unit mix, including (1) 3-bed/2-bath, (2) 2-bed/1-bath, and (2) 1-bed/1-bath units, catering to a range of tenant needs. Please do not disturb the tenants. The building features copper plumbing throughout, ensuring long-term durability and low maintenance requirements. The property offers a strong financial return from day one, for sale at a near 5% CAP rate and 12.85 GRM w/ 27% rental upside. Through continued improvements and simple rent increases, the property has potential to operate at a 6.80% CAP rate and 10.13 GRM. With a highly desirable location with easy access to the beach, Loyola Marymount University, and Playa del Rey's and Playa Vista's retail and dining options, this property represents a prime investment opportunity in a sought-after neighborhood.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$399 USD /SF

# OF UNITS

5

PRICE/UNIT

$399,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LAR3

APN/PARCEL ID

4115-013-024

ASK ABOUT THIS PROPERTY

Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

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Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

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