NOT LISTED FOR SALE

7718 Paseo Del Rey Playa Del Rey, CA 90293

14 Beds
11 Baths
7,786 Sq Ft
8,839 Sq Ft Lot

Last Sold December 20, 2022

Last sale price $3,375,000 $433 Per Sq Ft

27 Days on Market

Highlights

  • Living Room with Fireplace
  • Forced Air Heating System
  • Laundry Facilities
  • Kentwood Elementary Rated A-

About This Home

As of December 2022

We are pleased to present for sale 7718 Paseo Del Rey in Playa Del Rey, CA. This charming 8-unit building has been family owned for decades. It is maintained by a professional management company and has been lovingly cared for over the years. Paseo is situated on a quaint, tree-lined street nestled off of a quiet stretch of Manchester Ave. that gives tenants direct access to all the Westside has to offer. With such close proximity to both Silicon Beach and Loyola Marymount University, tech employees and students alike will find this convenient Playa Del Rey location to be more than ideal. This combination of location, convenience, seclusion, and charm is a definite rarity and the primary reason why this investment opportunity presents incredible upside potential. Units consist of one 3-bed/2-bath, two 2-bed/2-bath, two 2-bed/1-bath, and three 1-bed/1-bath units. There is a courtyard with beautiful landscaping, a laundry room, and rear parking for all units. The soft story retrofit has been completed and a new roof was installed just last year. This is truly a turnkey gem with great long term financial prospects.

Last Agent to Sell the Property

Rob Renshaw

REMAX COMMERCIAL & INVESTMENT REALTY License #01332831 Listed on: 10/18/2022

REMAX COMMERCIAL & INVESTMENT REALTY

Last Buyer's Agent

tony azzi

Tony Azzi License #00910513

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 8,839

Interior Spaces

  • 7,786 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dishwasher
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 11 Bathrooms

Parking

  • 8 Parking Spaces
  • Carport

Additional Features

  • 8,839 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 8 Units
  • Laundry Facilities
  • Rent Control

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 4118-010-020

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: We are pleased to present for sale 7718 Paseo Del Rey in Playa Del Rey, CA. This charming 8-unit building has been family owned for decades. It is maintained by a professional management company and has been lovingly cared for over the years. Paseo is situated on a quaint, tree-lined street nestled off of a quiet stretch of Manchester Ave. that gives tenants direct access to all the Westside has to offer. With such close proximity to both Silicon Beach and Loyola Marymount University, tech employees and students alike will find this convenient Playa Del Rey location to be more than ideal. This combination of location, convenience, seclusion, and charm is a definite rarity and the primary reason why this investment opportunity presents incredible upside potential. Units consist of one 3-bed/2-bath, two 2-bed/2-bath, two 2-bed/1-bath, and three 1-bed/1-ba.
  • Living Area: 7786
  • Lot Acreage: 0.2006
  • Stories: 2
  • Year Built: 1962
  • Number Of Photos: 42
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Living Room
  • Bedrooms: 14
  • Laundry: Community
  • Laundry Equipment: Lease
  • Total Bathrooms: 11.00
  • Equipment: Dishwasher
  • Price Per S Q F T: 448.88

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 8

Utilities

  • Heating: Forced Air

Lot Info

  • Assessed Improvement Percent: 38.43
  • Assessed Improvement Value: 843911
  • Assessed Land Percent: 61.57
  • Assessed Land Value: 1351833
  • Total Assessed Value: 2195744
  • Assessor Parcel Number: 4118-010-020
  • Lot Size Area: 8839

Rental Info

  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.42
  • Number Of Units: 8
  • Rent Control: 100
  • Total Annual Expense: 71875
  • Type Of Units: Residential
  • Vacancy Rate: 0

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2022 12/20/22 Sold $3,375,000 -3.4% $433 / Sq Ft
11/14/2022 11/14/22 Pending -- -- --
10/18/2022 10/18/22 For Sale $3,495,000 0.0% $449 / Sq Ft
12/27/2013 12/27/13 Rented $2,500 0.0% --
12/27/2013 12/27/13 For Rent $2,500 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rob Renshaw

    Seller's Agent in 2022

    Rob Renshaw

    RE/MAX

    (424) 293-4770

    1 in this area

    28 Total Sales

    Rob Renshaw
    Section Image
  • tony azzi

    Buyer's Agent in 2022

    tony azzi

    Tony Azzi

    (310) 919-5460

    1 in this area

    54 Total Sales

    tony azzi
    Section Image
  • Jack Bliss

    Seller's Agent in 2014

    Jack Bliss

    J & P Realty

    (310) 320-4921

    3 Total Sales

    Jack Bliss
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 22-209999

The MLS
California Los Angeles County Playa Del Rey 90293

7718 Paseo Del Rey, Playa Del Rey, CA

This home is located at 7718 Paseo Del Rey, Playa Del Rey, CA 90293 since 18 October 2022. This property was built in 1962. 7718 Paseo Del Rey is a home located in Los Angeles County with nearby schools including Paseo Del Rey Natural Science Magnet, Loyola Village Elementary School, and Kentwood Elementary.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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