We are pleased to present for sale 7718 Paseo Del Rey in Playa Del Rey, CA. This charming 8-unit building has been family owned for decades. It is maintained by a professional management company and has been lovingly cared for over the years. Paseo is situated on a quaint, tree-lined street nestled off of a quiet stretch of Manchester Ave. that gives tenants direct access to all the Westside has to offer. With such close proximity to both Silicon Beach and Loyola Marymount University, tech employees and students alike will find this convenient Playa Del Rey location to be more than ideal. This combination of location, convenience, seclusion, and charm is a definite rarity and the primary reason why this investment opportunity presents incredible upside potential. Units consist of one 3-bed/2-bath, two 2-bed/2-bath, two 2-bed/1-bath, and three 1-bed/1-bath units. There is a courtyard with beautiful landscaping, a laundry room, and rear parking for all units. The soft story retrofit has been completed and a new roof was installed just last year. This is truly a turnkey gem with great long term financial prospects.
Multi-familyProperty Type
1962Year Built
8,839 sq ftLot Size
$433Price/Sq.Ft.
8 spacesParking
Listed by Robert Renshaw•DRE #01332831• REMAX COMMERCIAL & INVESTMENT REALTY
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
14
Baths
11
Stories
—
Lot width
—
Lot depth
—
Lot size
8,739 Sq. Ft.
Year renovated
1962
Sq. Ft.
7,786
Year built
1962
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
4118010020
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 31, 2026.
Jun 27, 2022 • Final
Plumbing
Install a new water heater.
Plumbing
Water heater
Jul 14, 2020 • Final
Bldg-alter/repair
Revise the framing plan and details for a soft story retrofit. Install steel moment frames according to building code requirements.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage
Carport
Parking
# of Parking Spaces (Total): 8
Interior
Laundry Information
Community Laundry
Fireplace Information
In Living Room
Equipment
Other, Dishwasher
Heating & Cooling
Other Cooling
Forced Air Heating
Multi-Unit Income
Gross Income: 212832
Gross Operating Income: $206,904
Net Operating Income: $135,029
Multi-Unit Expenses
Total Annual Expense: $71,875
Multi-Unit Other Financial Information
Rent Control: 100
Gross Rent Multiplier: 16.42
Scheduled Actual: Actual
Multi-Unit Information
Owner Pays: Water
Tenant Pays: Gas, Electric
Unit Type Type: 1, 2, 3, 4
Type Of Units: Residential
# of Buildings: 1
Laundry Equipment: Lease
Unit 1 Information
# of Beds: 3
# of Baths: 2.00
Rent: $3,525
Projected Rent: $3,800
Actual Rent: $3,525
# of Units: 1
Unit 2 Information
# of Beds: 2
# of Baths: 2.00
Rent: $2,810
Projected Rent: $6,400
Actual Rent: $5,620
# of Units: 2
Unit 3 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,779
Projected Rent: $5,800
Actual Rent: $3,557
# of Units: 2
Unit 4 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,678
Projected Rent: $6,900
Actual Rent: $5,034
# of Units: 3
Exterior
Building Information
Total Floors: 2
Property Information
Property Type: Residential Income
Land Information
Other Structures: None
Lot Information
Lot Size (Sq. Ft.): 8,839
Lot Size (Acres): 0.2006
Zoning: LAR3
Financial
Assessment Information
Assessed Total Value: $2,195,744
Assessed Land Value: $1,351,833
Assessed Land %: 61.57
Assessed Improvement Value: $843,911
Assessed Improvement %: 38.43
Assessor Parcel Number: 4118-010-020
Lease Information
Tenant Pays: Gas, Electric
Location
Community Information
# of Units in Complex (Total): 8
Location Information
Directions: Paseo Del Rey at W 91st
Public facts
Beds: 14
Baths: 11.0
Sq. Ft.: 7,786
Stories: —
Lot Size: 8,739 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1962
Year Renovated: 1962
County: Los Angeles County
APN: 4118010020
Home facts updated by county records on Aug 31, 2026
Other
Documents & Disclosures
Disclosures: As Is
Around this home
Schools
Paseo Del Rey Natural Science Magnet
Public K-5 • Assigned • 0.1mi
5/10
Katherine Johnson STEM Academy
Public 6-8 • Assigned • 0.3mi
7/10
Westchester Enriched Sciences Magnet Health/Sports Medicine
Public 9-12 • Assigned • 0.3mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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