$1,995,000
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8124 83rd Street Playa Del Rey, CA 90293
Mixed Use
Residence
Beds
Baths
...
Bed/Bath
4,351
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
8124 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. 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.
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MLS#
PW25014606
Property Type
Mixed Use
Year Built
1958
Square Feet
4,351
sq. ft
Lot Size
0.14
Stories
2.0
Sewer
Public Sewer
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