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7758 W 91St St

Playa Del Rey, CA 90293
  • $3,550,000
  • STATUS: Active Under Contract
  • ON SITE: 136 Days
  • MLS #: 21-744894
Under Contract
UPDATED: 15 min ago
$3,550,000
  • 13
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,603
    SQFT
  • $467
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Description

$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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-19T13:43:01.81. 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.
www.searchdesertrealestate.com/homes/117912106
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7758 W 91St St Playa Del Rey, CA 90293

  • Price: $3,550,000
  • Status: Active Under Contract
  • Updated: 15 min ago
  • MLS #: 21-744894
13
Beds
0
Baths
0
½ Baths
0.18
Acres
7,603
SQFT
$467
$/SQFT
1964
Built
Neighborhood:
Playa Del Rey
County:
Los Angeles
Area:
Playa Del Rey
Property Description
$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.
Exterior Features

Lot Size Area 7892 Other Structures None Parking Garage Covered Parking Style Mid-Century Total Parking 6

Interior Features

Baths Total 11.00 Cooling None Equipment Range/OvenRefrigeratorMicrowaveDishwasher Heating Wall Electric

Property Features

Assessed Total Value 2353873 Gross Income 210772 Gross Operating Income 204728 Like Units1 1 Like Units2 3 Like Units3 1 Like Units4 1 Net Operating Income 134087.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 70641 Type Of Units Market Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Steffan Braunlich DRE#01859098 of Berkadia.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-19T13:43:01.81. 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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