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    7758 W 91St St

    Playa Del Rey, CA 90293
    • $3,550,000
    • STATUS: Active Under Contract
    • ON SITE: 138 Days
    • MLS #: 21-744894
    Under Contract
    $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 2021-10-20T23:42:32.27. 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.desertarealuxuryhomes.com/homes/117912106
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    7758 W 91St St Playa Del Rey, CA 90293

    • Price: $3,550,000
    • Status: Active Under Contract
    • 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 2021-10-20T23:42:32.27. 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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