Property Details
About this Property
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. 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.
MLS Listing Information
MLS #
CRPW25014606
MLS Source
California Regional MLS
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
Contact Information
Listing Agent
Woody Stahl
Lyon Stahl Investment Real Est
License #: 01399621
Phone: (310) 425-9838
Co-Listing Agent
Brett Lyon
License #: 01717818
Phone: (310) 706-4066
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
8124 W 83rd St is a Residential Income in Playa Del Rey, CA 90293. This – square foot property sits on a 6,254 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,865,000 and was built in 1958. This address can also be written as 8124 W 83rd St, Playa Del Rey, CA 90293.
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This listing information is up-to-date as of May 14, 2025. For the most current information, please contact Woody Stahl, (310) 425-9838
