Seller's Agent in 2025
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
3 in this area
150 Total Sales
8124 W 83rd St Los Angeles, CA 90293
9
Beds
6
Baths
4,351
Sq Ft
6,254
Sq Ft Lot
Highlights
- Laundry Room
- Kentwood Elementary Rated A-
- Bike Trail
About This Home
As of May 20258124 W 83rd Street is a well-maintained 5-unit apartment building located in the coveted area of Playa del Rey. This property features ideal unit mix, including (1) 3-bed/2-bath, (2) 2-bed/1-bath, and (2) 1-bed/1-bath units, catering to a range of tenant needs. Please do not disturb the tenants. The building features copper plumbing throughout, ensuring long-term durability and low maintenance requirements.
The property offers a strong financial return from day one, for sale at a near 5% CAP rate and 12.85 GRM w/ 27% rental upside. Through continued improvements and simple rent increases, the property has potential to operate at a 6.80% CAP rate and 10.13 GRM. With a highly desirable location with easy access to the beach, Loyola Marymount University, and Playa del Rey's and Playa Vista's retail and dining options, this property represents a prime investment opportunity in a sought-after neighborhood.
Last Agent to Sell the Property
Lyon Stahl Investment Real Est Brokerage Email: broker@lyonstahl.com License #01399621 Listed on: 01/21/2025
Co-Listed By
Lyon Stahl Investment Real Estate, Inc. Brokerage Email: broker@lyonstahl.com License #01717818
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 6,254 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 4,351 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Listing and Financial Details
- Legal Lot and Block 16 / 20
- Tax Tract Number 9809
- Assessor Parcel Number 4115013024
- $1,008 per year additional tax assessments
- Seller Considering Concessions
Community Details
Recreation
- Bike Trail
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,180
- Insurance Expense $6,527
- Maintenance Expense $6,210
- Other Expense $4,857
- Professional Management Expense $7,763
- New Taxes Expense $24,939
- Operating Expense $51,476
- Gross Income $155,252
- Net Operating Income $99,119
Additional Features
- 5 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/13/2025 05/13/25 | Sold | $1,865,000 | -6.5% | $429 / Sq Ft |
| 02/11/2025 02/11/25 | Pending | -- | -- | -- |
| 01/21/2025 01/21/25 | For Sale | $1,995,000 | -- | $459 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,845 | $751,539 | $298,579 | $452,960 |
| 2024 | $9,845 | $736,804 | $292,725 | $444,079 |
| 2023 | $9,673 | $722,358 | $286,986 | $435,372 |
| 2022 | $9,259 | $708,195 | $281,359 | $426,836 |
| 2021 | $9,129 | $694,310 | $275,843 | $418,467 |
| 2019 | $8,876 | $673,718 | $267,662 | $406,056 |
| 2018 | $8,743 | $660,509 | $262,414 | $398,095 |
| 2016 | $8,299 | $634,863 | $252,225 | $382,638 |
| 2015 | $8,186 | $625,328 | $248,437 | $376,891 |
| 2014 | $8,243 | $613,080 | $243,571 | $369,509 |
Source: Public Records
Agents Affiliated with this Home
-
Woody Stahl
-
Brett Lyon
Seller Co-Listing Agent in 2025
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
3 in this area
141 Total Sales
-
Jordan Polon
J
Buyer's Agent in 2025
Jordan Polon
LB Property Management Inc
(818) 332-1423
1 in this area
15 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25014606
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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