8124 W 83rd Street

Playa Del Rey, CA 90293

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,351 Sqft
  • 6254
    Sqft(Lot)
$1,995,000

Description

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48398812

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1958
    • Building Area Total: 4,351

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1436
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6254

  • Listing Price Information

    • Original List Price: 1,995,000
    • Listing Contract Date: 2025-01-21

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4115013024

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Pending
    • Source Neighborhood: C31 - Playa Del Rey
    • Postal Code Plus 4: 7852
    • Directions: 1 block north of W Manchester Ave
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: C31 - Playa Del Rey
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 67
    • Common Walls: 2+ Common Walls
    • Structure Type: Mixed Use
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/09/2025 @ 02:20

  • MLS: PW25014606
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 4,351 sqft, 6,254 sized lot, and 4 parking. are nearby neighborhoods.