7851 Talbert Street, Playa Del Rey, CA 90293
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7851 Talbert Street,Playa Del Rey, CA 90293
$2,300,000
- 7 Beds
- 8 Baths
- 4,937 sq. ft.
- Multi-family
- Active
Listed by:john mccann
Office:lyon stahl investment real estate, inc.
MLS#:25522551
Source:CRMLS
Price summary
- Price:$2,300,000
- Price per sq. ft.:$465.87
About this home
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 $2,300,000 equating to $383,333 per unit and $466 per rentable square foot. The property currently generates $14,811 per month and $177,732 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 28% rental upside potential.All tenants are currently on MTM leases with the exception of unit #4 which is currently vacant and unit 3 which is under lease until July 2026. 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.Give us a call to discuss ADU potential.There is garage space for at least one if not two ADUs.
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Home facts
- Year built:1960
- Listing Id #:25522551
- Added:128 day(s) ago
- Updated:August 13, 2025 at 01:10 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:8
- Living area:4,937 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnace
Structure and exterior
- Year built:1960
- Building area:4,937 sq. ft.
- Lot area:0.11 Acres
Finances and disclosures
- Price:$2,300,000
- Price per sq. ft.:$465.87
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