101 Sunridge Street, Playa Del Rey, CA 90293

About this duplex

101 Sunridge Street is a well positioned duplex situated in the highly sought-after “jungle” neighborhood in Playa Del Rey. This building is not subject to LA City Rent Control (RSO) and is solely subject to statewide rent control (AB 1482). Located one parcel from the sand, the property boasts a mix of (2) 3-bed/1-bath units. The upstairs unit features (2) private balconies and the downstairs unit features a spacious patio. Tenants enjoy their own parking space in separate 1-Car garages, as well as living on a quiet walk-street. Great proximity to Playa Del Rey Beach provides easy access to a range of retail and restaurant establishments. The building offers 1,872 RSF of living space priced at $1,095/SF and $1,025,000 per unit, with a proforma 15.53 GRM and 4.65% Proforma CAP presenting immediate upside potential. With its premier location, sizeable living space, and attractive pricing, 101 Sunridge Street is an excellent and rare investment opportunity for any Los Angeles CRE Investor or potential owner-user.

Listing description from the August 2023 sale, as reported to CRMLS.

Sale history

$2,034,325

Sold August 2023 · listed $2,050,000, on market June 2023 · MLS #SB23108863 · Source: CRMLS

Listing Agent: Brett Lyon · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Todd Elling · Todd Elling

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