8124 W 83rd ST Playa Del Rey , CA 90293

Pending

$1,995,000

5 Units

9 Beds

6 Baths

4,351 Area(sq.ft.)

6,254 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
Unit 1	1	3	2	No	$ 3,735	$ 3,735	$ 4,250
Unit 2	1	1	1	No	$ 2,100	$ 2,100	$ 2,595
Unit 3	1	2	1	No	$ 2,789	$ 2,789	$ 3,450
Unit 4	1	2	1	No	$ 2,284	$ 2,284	$ 3,450
Unit 5	1	1	1	No	$ 2,005	$ 2,005	$ 2,595
5	5	9	6		$ 12,913	$ 12,913	$ 16,340

MLS #:	PW25014606MR
Days On Market:	21
County:	Los Angeles
Property Type:	Residential Income
Price per ft²:	$ 459
Price per unit:	$ 399,000
Year Built:	1958

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

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 locationwith 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 primeinvestment opportunity in a sought-after neighborhood.