7851 Talbert Street

Playa Del Rey, CA 90293

  • 7 Bed(s)
  • 0 Bath(s)
  • 4,937 Sqft
  • 4864
    Sqft(Lot)
$2,500,000

Description

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, two 2-bedroom/1.5-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 $2,500,000, equating to $416,667 per unit and $506 per rentable square foot. the property currently generates $15,055 per month and $180,659 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 26% rental upside potential. all tenants are currently on mtm leases with the exception of unit #3 who plans to vacate the property in the coming months and unit #4 which is also vacant. 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. rent will be raised on february 1st, 2025. give us a call to discuss adu potential. there is garage space for at least one if not two adus.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    46635502

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Property Details

  • Bedroom Information

    • Total Bedrooms : 7

    Bathroom Information

    • Total Baths: 8
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • None
    • Has Heating

  • Building Information

    • Year Built: 1960
    • Building Area Total: 4,937

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1117
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 4864

  • Listing Price Information

    • Original List Price: 2,500,000
    • Listing Contract Date: 2024-08-13

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 4118001018

  • Garage and Parking

    • Garage Description: Assigned,Driveway Down Slope From Street,Paved
    • Attached Garage: Yes

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C31 - Playa Del Rey
    • Postal Code Plus 4: 8425
    • Directions: Heading South On Lincoln Blvd Take A Right Turn Onto W Manchester Ave - Turn Left On Saran Dr. - Then A Quick Right On W Talbert St. - Heading North On Lincoln Blvd - Take a Left Turn Onto W Manchester Ave - Then Follow Same Instructions As Above
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: C31 - Playa Del Rey

    Building and Construction

    • Property Age: 65
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 4937
    • Levels or Stories: Multi/Split
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BuyOwner last updated this listing 04/04/2025 @ 20:05

  • MLS: 24424121
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 7 bedrooms which is for sale, it has 4,937 sqft, 4,864 sized lot, and 0 parking. are nearby neighborhoods.