7851 West Talbert Street

Playa del Rey, CA 90293

$2,600,000
Price
7
Beds
8
Baths
4,937 Sq. Ft.
$527 / Sq. Ft.
4,937
Sq. Ft.
$527
per Sq. Ft.

Description

Location! Location! Location! This six unit building located near a quiet corner lot and just a quick drive from the beautiful beaches of Playa Del Rey offers an incredible investment opportunity to prospective buyers. The property consists of a large unit mix, including two 2BD/2BA units, one 2BD/1.5BA unit, one 2BD/1ba unit and two 1BD/1BA units. Unit #4 (2BD/1.5BA) is currently vacant and Unit #3 (1BD/1BA) can be vacant at close of escrow. Built in 1960 the property has been well maintained by...Location! Location! Location! This six unit building located near a quiet corner lot and just a quick drive from the beautiful beaches of Playa Del Rey offers an incredible investment opportunity to prospective buyers. The property consists of a large unit mix, including two 2BD/2BA units, one 2BD/1.5BA unit, one 2BD/1ba unit and two 1BD/1BA units. Unit #4 (2BD/1.5BA) is currently vacant and Unit #3 (1BD/1BA) can be vacant at close of escrow. Built in 1960 the property has been well maintained by previous and current owners. 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. Rent was last raised on February 1st, 2024. Give us a call to discuss ADU potential. There is garage space for one if not two ADUs. Check out our promotional video for the property using the link featured above or on YouTube at "McCannCRE4"
  1. Listed by John McCann • DRE #01963932 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 7851 West Talbert Street

Zoning
LAR3
Cross Streets
Gulana Ave - W Talbert St
Parcel Number
4118001018
Total Units
6.0
Living Area
4937
Source Living Area
Vendor Enhanced
Area
Playa Del Rey (C31)
Vacancy Rate
3%
LISTING UPDATED: 08/21/2024 12:01 AM

Property Details for 7851 West Talbert Street

StatusActive
MLS #24-424121
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.11 AC / 4,864 SF
CountyLos Angeles County

Virtual Tour

Building Information for 7851 West Talbert Street

Stories2Residences-Year Built1960Building Size-Lot Size0.11 AC / 4,864 SF

Property Information for 7851 West Talbert Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $172,507
  • Net Operating Income: $114,918.00
  • Gross Income: $2,400
  • Cap Rate: 4.42%
  • Gross Rent Multiplier: $14.83
  • Actual Annual Gross Rent: $175,368.00
  • Garage Income: $2,400
  • Total Annual Expense: 57589
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1117
  • Lot Size Square Feet: 4864
Parking Details
Parking Details
  • Parking Garage: Above Street Level, Assigned, Garage Is Attached, Driveway - Pavers
  • Total Parking: 13
  • Parking Features: Driveway Down Slope From Street, Assigned, Paved
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-13-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,803.00
  • Unit Actual Rent: $2,803.00
  • Unit Projected Rent: $3,725.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,503.00
  • Unit Actual Rent: $1,503.00
  • Unit Projected Rent: $3,395.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,345.00
  • Unit Actual Rent: $2,345.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,595.00
  • Unit Actual Rent: $3,595.00
  • Unit Projected Rent: $3,595.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,281.00
  • Unit Actual Rent: $2,281.00
  • Unit Projected Rent: $3,725.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,087.00
  • Unit Actual Rent: $2,087.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $411,979.00
  • Assessed Improvement Percent: 21.85
  • Assessed Land Value: $1,473,760.00
  • Assessed Land Percent: 78.15
  • Assessed Total Value: $1,885,739.00

Property History for 7851 West Talbert Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7851 West Talbert Street

Taxable ValueLand$1,473,760Additions$412,579Total$1,886,339
Tax Record2023$23,482 ($1,957 / month)
Home Facts
Total Finished SqFt4,937 SqFtAbove Grade Finished SqFt4,937 SqFtLot Size4,849 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningLAR3CountyLOS ANGELESAPN4118-001-018

Schools near 7851 West Talbert Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - 6 to 8
Rating
School
Distance
Loyola Village Elementary School
PublicK to 5

Kentwood Elementary School
PublicK to 5

Paseo Del Rey Natural Science Magnet
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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7851 West Talbert Street is a multi-family home for sale in Playa del Rey, CA 90293. This property was listed for sale on August 13, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $2,600,000. It has been on the market for a total of 34 days and was last sold on December 13, 2004. This listing's school district is Los Angeles Unified School District. Nearby schools include Loyola Village Elementary School, Kentwood Elementary School and Paseo Del Rey Natural Science Magnet. 7851 West Talbert Street is a 7-bed, 8-bath, 4,937 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., John McCann, DRE #01963932

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.