$2,350,000
$75K PRICE DROP

7851 W Talbert St Los Angeles, CA 90293

Estimated payment $15,329/month

Total Views 4,212
7 Beds
8 Baths
4,937 Sq Ft
$476 Price per Sq Ft

About This Home

This six-unit building, located at 7851 W Talbert Street in the beautiful beachside community of Playa del Rey, represents a prime investment opportunity and a true trophy property. The property consists of a large unit mix, including one 2-bedroom/2-bathroom unit, one 2-bedroom/1.5-bathroom unit, one 2-bedroom/1-bathroom unit and three 1-bedroom/1-bathroom units. The building offers a total of 4,937 square feet of living space situated on a 4,849 square foot lot.Built in 1960, this well-maintained property is listed at$2,350,000 equating to $391,667 per unit and $476 per rentable square foot. The property currently generates $14,811 per month and $177,732 per year in rental income, with a potential increase to $18,940 per month and $227,280 per year at market rent levels, reflecting a significant 28% rental upside potential.All tenants are currently on MTM leases with the exception of unit #4 which is currently vacant and unit 3 which is under lease until July 2026. 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. All these improvements have successfully revamped this gem into a beautiful, modern looking and easy to maintain property for the new owners.Give us a call to discuss ADU potential.There is garage space for at least one if not two ADUs.

Listing Agent

Jack Mccann

Lyon Stahl Investment Real Estate, Inc. License #01963932 Listed on: 04/08/2025

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 4,864 Sq Ft Lot

Parking

  • 8 Open Parking Spaces
  • 6 Car Garage
  • Driveway

Home Design

  • Split Level Home

Interior Spaces

  • 4,937 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 8 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 4118-001-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 4937
  • Lot Acreage: 0.1117
  • Stories: 2
  • Year Built: 1960
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 476.00

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 6
  • Other Spaces: 8
  • Parking Garage: Driveway, Garage - 1 Car
  • Total Parking: 14

Utilities

  • Cooling: Wall/Window
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 21.85
  • Assessed Improvement Value: 420218
  • Assessed Land Percent: 78.15
  • Assessed Land Value: 1503235
  • Total Assessed Value: 1923453
  • Assessor Parcel Number: 4118-001-018
  • Lot Size Area: 4864

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 12.81
  • Number Of Units: 6
  • Total Annual Expense: 55214
  • Type Of Units: Apartment
  • Vacancy Rate: Yes

Map

Range of Values:

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Average Value
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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
05/28/2025 05/28/25 Price Changed $2,350,000 -3.1% $476 / Sq Ft
04/08/2025 04/08/25 For Sale $2,425,000 -- $491 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25522551

The MLS