8717 Delgany Ave - Apartments FOR SALE


Playa Del Rey, CA 90293
$14,100,000 USD
949-756-3232
8717 Delgany Ave, Playa Del Rey, CA for Sale
$14,100,000 USD
Apartments - FOR SALE
1/10
null | 4.28% Cap Rate

8717 Delgany Ave
Playa Del Rey, CA 90293


HIGHLIGHTS

  • Large 2-Bedroom 2-Bath Units over 1,000 SqFt
  • Prime Playa Del Rey Location Less than 1 Mile from the Beach
  • First Time on the Market in 40 Years
  • Well-Maintained Property with Rooftop Deck Common Area and Upgraded Lobby

OVERVIEW

We are pleased to present Delgany Princess Apartments, a 35-unit multifamily property located in a prime Playa del Rey location. The building offers a diverse unit mix, including (5) studios, (14) one-bedroom/one-baths, and (16) two-bedroom/two-bath units, with 80% of all units having undergone renovations. Building amenities include a welcoming entrance lobby, laundry facility, gated parking, an elevator, a desirable courtyard, pool, rooftop deck, and a security camera system. Each unit is equipped with electric cooking, individual gas and electric meters, wall A/C units and heating. With an approximate 7% cap rate on market rents, Delgany Princess Apartments presents a compelling investment opportunity in one of Los Angeles’ most desirable coastal neighborhoods.

FOR SALE DETAILS

PRICE

$14,100,000 USD

PRICE/SF

$394 USD /SF

# OF UNITS

35

PRICE/UNIT

$402,857

CAP RATE

4.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Delgany Princess Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

49

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

LAR3

APN/PARCEL ID

4118-005-025

ASK ABOUT THIS PROPERTY

Chris KeramatiTriqor GroupMore Info
949-756-3232

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Chris KeramatiTriqor GroupMore Info
949-756-3232

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