This six-unit building, located at 7851 W Talbert Street in the beautiful beachside community of Playa del Rey, represents a prime investment opportunity and a true trophy property. The property consists of a large unit mix, including one 2-bedroom/2-bathroom unit, one 2-bedroom/1.5-bathroom unit, one 2-bedroom/1-bathroom unit and three 1-bedroom/1-bathroom units. The building offers a total of 4,937 square feet of living space situated on a 4,849 square foot lot. Built in 1960, this well-maintained property is listed at $2,100,000 equating to $350,000 per unit and $425 per rentable square foot. The property currently generates $14,166 per month and $169,993 per year in rental income, with a potential increase to $18,115 per month and $217,380 per year at market rent levels, reflecting a significant 28% rental upside potential. All tenants are currently on MTM leases with the exception of unit #4 which is currently vacant. The property's exterior and walkways were recently pressure washed. The owner hired a professional painting company to paint the entire exterior, including trim, handrails, and all 6 garages. The roof was completely recoated with two coats of silicone that is warrantied up to 10 years. All these improvements have successfully revamped this gem into a beautiful, modern looking and easy to maintain property for the new owners. Give us a call to discuss ADU potential. There is garage space for at least one if not two ADUs.
Multi-familyProperty Type
1960Year Built
4,864 sq ftLot Size
$415Price/Sq.Ft.
6 garage spacesParking
Listed by John 'Jack' McCann•DRE #01963932
•310-408-0121 (agent)
•jack@lyonstahl.com (agent)
Bought with Evelyn Benson•DRE #01934595• Sherwood Forest Development Group, Inc.
*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
7
Baths
8
Stories
—
Lot width
—
Lot depth
—
Lot size
4,864 Sq. Ft.
Year renovated
1960
Sq. Ft.
4,937
Year built
1960
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
4118001018
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 31, 2026.
Mar 4, 2024 • Final
Hvac
Replace an existing wall gas heater.
HVAC
Oct 26, 2017 • Final
Bldg-alter/repair
Perform a soft story seismic retrofit on an apartment building. Install special steel cantilevered columns in the tuck-under parking area.
Addition
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
Driveway, 1 Car Garage
# of Garage Spaces: 6
Parking
# of Parking Spaces (Total): 14
# of Open Other Spaces: 8
Interior
Heating & Cooling
Wall/Window Unit Cooling
Wall Heat
Multi-Unit Income
Gross Income: 169993
Gross Operating Income: $167,293
Net Operating Income: $114,974
Multi-Unit Expenses
Total Annual Expense: $52,319
Multi-Unit Other Financial Information
Cap Rate: 5.53
Gross Rent Multiplier: 12.94
Scheduled Actual: Scheduled
Multi-Unit Information
Unit Type Type: 1, 2, 3, 4, 5, 6
Type Of Units: Apartment
# of Buildings: 1
Has Water Heaters: True
Unit 1 Information
# of Beds: 2
# of Baths: 2.00
Rent: $2,915
Projected Rent: $3,725
Actual Rent: $2,915
# of Units: 1
Unit 2 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,563
Projected Rent: $2,675
Actual Rent: $1,563
# of Units: 1
Unit 3 Information
# of Beds: 1
# of Baths: 1.00
Rent: $2,195
Projected Rent: $2,495
Actual Rent: $2,195
# of Units: 1
Unit 4 Information
# of Beds: 2
# of Baths: 1.50
Rent: $2,950
Projected Rent: $2,950
Actual Rent: $2,950
# of Units: 1
Unit 5 Information
# of Beds: 2
# of Baths: 1.00
Rent: $2,372
Projected Rent: $3,595
Actual Rent: $2,372
# of Units: 1
Unit 6 Information
# of Beds: 1
# of Baths: 1.00
Rent: $2,171
Projected Rent: $2,675
Actual Rent: $2,171
# of Units: 1
Exterior
Building Information
Total Floors: 2
Multi Levels
Property Information
Property Type: Residential Income
Land Information
Other Structures: None
Lot Information
Lot Size (Sq. Ft.): 4,864
Lot Size (Acres): 0.1117
Zoning: LAR3
Financial
Assessment Information
Assessed Total Value: $1,923,453
Assessed Land Value: $1,503,235
Assessed Land %: 78.15
Assessed Improvement Value: $420,218
Assessed Improvement %: 21.85
Assessor Parcel Number: 4118-001-018
Location
Community Information
# of Units in Complex (Total): 6
Location Information
Directions: On Talbert St.
Public facts
Beds: 7
Baths: 8.0
Sq. Ft.: 4,937
Stories: —
Lot Size: 4,864 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1960
Year Renovated: 1960
County: Los Angeles County
APN: 4118001018
Home facts updated by county records on Aug 31, 2026
Other
Documents & Disclosures
Disclosures: None
Around this home
Schools
Paseo Del Rey Natural Science Magnet
Public K-5 • Assigned • 0.2mi
5/10
Katherine Johnson STEM Academy
Public 6-8 • Assigned • 0.4mi
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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