7851 Talbert St
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7851 Talbert St
6 Unit Apartment Building $2,500,000 ($416,667/Unit) 4.65% Cap Rate Playa Del Rey, CA 90293
Investment Highlights
- Two vacant units
- New paint and a newly coated roof
- Many parking spaces and ADU potential
Executive Summary
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.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,500,000 | Apartment Style | Low Rise |
| Price Per Unit | $416,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.65% | Building Size | 4,937 SF |
| Gross Rent Multiplier | 14.26 | Average Occupancy | 66% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 2.63/1,000 SF |
| Price | $2,500,000 |
| Price Per Unit | $416,667 |
| Sale Type | Investment |
| Cap Rate | 4.65% |
| Gross Rent Multiplier | 14.26 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,937 SF |
| Average Occupancy | 66% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.63/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Freezer
Site Amenities
- 24 Hour Access
- Recycling
- Multi Use Room
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,216 | 575 |
| 2+1 | 1 | $1,503 | 837 |
| 2+1.5 | 1 | $3,595 | 950 |
| 2+2 | 2 | $2,542 | 1,000 |
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PROPERTY TAXES
| Parcel Number | 4118-001-018 | Total Assessment | $1,923,453 (2024) |
| Land Assessment | $1,503,235 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $420,218 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
4118-001-018
Land Assessment
$1,503,235 (2024)
Improvements Assessment
$420,218 (2024)
Total Assessment
$1,923,453 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R3, Los Angeles |
| R3, Los Angeles |
-
Jack Mccann -
Lyon Stahl Investment Real Estate
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