8124 W 83rd Street, Playa Del Rey, CA 90293

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.

Listing description from the May 2025 sale, as reported to CRMLS.

Sale history

$1,865,000

Sold May 2025 · listed $1,995,000, on market January 2025 · MLS #PW25014606 · Source: CRMLS

Listing Agent: Woody Stahl · Listing Office: Lyon Stahl Investment Real Est · Contact: broker@lyonstahl.com · Bought with: Jordan Polon · LB Property Management Inc

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