Playa Del Rey (los Angeles), CA 90293,7851 Talbert Street
$2,050,000
$2,100,000
2.4%
Est.Price: ?

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4,937 SqFt

7851 Talbert Street Playa Del Rey (los Angeles), CA 90293

Est. payment /mo
SOLD DATE : 10/29/2025

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Key Details

Sold Price $2,050,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 4,937 sqft

Price per Sqft $415

MLS Listing ID CL25602025

Sold Date 10/29/25

HOA Y/N No

Year Built 1960

Lot Size 4,864 Sqft

Acres 0.11

Property Sub-Type Other

Property Description

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, one 2-bedroom/1.5-bathroom unit, one 2-bedroom/1-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 $2,100,000 equating to $350,000 per unit and $425 per rentable square foot. The property currently generates $14,166 per month and $169,993 per year in rental income, with a potential increase to $18,115 per month and $217,380 per year at market rent levels, reflecting a significant 28% rental upside potential. All tenants are currently on MTM leases with the exception of unit #4 which is currently 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,

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Building

New Construction No

Others

Tax ID 4118001018

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Bridge MLS
Listed by John McCann • Lyon Stahl Investment Real Estate, Inc.
Bought with EvelynBenson

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Ian Stapp

Ian Stapp

Agent | CA DRE#02177046

+1(209) 765-4712

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