NOT LISTED FOR SALE

7758 W 91st St Playa Del Rey, CA 90293

13 Beds
11 Baths
7,603 Sq Ft
7,892 Sq Ft Lot

Last Sold November 10, 2021

Last sale price $3,175,000 $418 Per Sq Ft

104 Days on Market

About This Home

As of November 2021

$200,000 Price Reduction. This is a rare opportunity to acquire a 6-unit apartment complex in Playa del Rey with an average unit size over 1,200 square feet. The area has always demanded premium rents with its proximity to Loyola Marymount University, LAX and the beach. The subject property is a prime example of modern, mid-century architecture popular in Playa del Rey in the early 1960s. The curb appeal has been smartly updated with a modern two-tone paint scheme, stone accent walls and clean landscaping. The subject property consists of (1) one-bedroom with one-bath unit, (3) two-bedroom with one and three-quarter bathroom units, (1) three-bedroom with one and three-quarter bath unit and (1) three-bedroom plus den with two and three-quarter bath unit. The size and design of the subject property and the units resemble luxury condos in the immediate vicinity, allowing for investors to institute condo-quality renovations upon turnover and maximize market rents.

Last Agent to Sell the Property

Steffan Braunlich

Berkadia License #01859098 Listed on: 06/01/2021

Last Buyer's Agent

Steffan Braunlich

Berkadia License #01859098 Listed on: 06/01/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,892

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 7,603 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 11 Bathrooms

Parking

  • 6 Parking Spaces
  • Covered Parking

Additional Features

  • 7,892 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 4118-010-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Street Number Display: Yes
  • Living Area: 7603
  • Lot Acreage: 0.1812
  • Stories: 2
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 13
  • Total Bathrooms: 11.00
  • Equipment: Range/Oven, Refrigerator, Microwave, Dishwasher
  • Price Per S Q F T: 466.92

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 6

Utilities

  • Heating: Wall Electric

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 941548
  • Assessed Land Percent: 60
  • Assessed Land Value: 1412325
  • Total Assessed Value: 2353873
  • Assessor Parcel Number: 4118-010-016
  • Lot Size Area: 7892

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.84
  • Number Of Units: 6
  • Type Of Units: Market
  • Vacancy Allow Percent: 3.00

Range of Values:

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Average Value
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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 List to Sale Price per Sq Ft Prior Sale
11/10/2021 11/10/21 Sold $3,175,000 -10.6% $418 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
07/19/2021 07/19/21 Price Changed $3,550,000 -5.3% $467 / Sq Ft
06/01/2021 06/01/21 For Sale $3,750,000 +78.6% $493 / Sq Ft
11/26/2013 11/26/13 Sold $2,100,000 -4.3% $276 / Sq Ft View Prior Sale
09/03/2013 09/03/13 Pending -- -- --
08/12/2013 08/12/13 For Sale $2,195,000 -- $289 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-744894

The MLS