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8124 W 83rd Street

Playa del Rey, CA 90293

– beds
– baths
– sqft
6,254 sqft lot
1958 build
– on site

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.

Listed By CRMLS_CA / Woody Stahl / Lyon Stahl Investment Real Est / broker@lyonstahl.com

Last checked: Checking… • Last updated Jan 24, 2025 •

MLS# PW25014606 —

The Building

Year Built:

1958
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

4351.00
Building Area Units:

Square Feet
Total Number Of Units:

5
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

5
# of Separate Water Meters:

1
# of Separate Electric Meters:

5

Interior

Levels:

Two
Entry Location:

1
Laundry:

Common Area
Laundry:

1

Location

Directions:

1 block north of W Manchester Ave
Latitude:

33.95904200
Longitude:

-118.43856600

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

LAR3
Lot Features:

6-10 Units/Acre
Lot Size Area:

6254.0000
Lot Size Acres:

0.1436
Lot Size SqFt:

6254.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

20
Tax Census Tract:

2766.01
Tax Tract:

9809
Tax Lot:

16

The Listing

Special Listing Conditions:

Standard
Parcel Number:

4115013024
Showings Begin:

2025-01-21

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Biking
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

4.00
Garage Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/21/25 Jan 21, 2025	Listed / Active	CRMLS_CA	$1,995,000

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This multifamily located in Silicon Beach, Los Angeles, CA 90293 is currently for sale for $1,995,000. 8124 W 83rd Street is a – square foot multifamily with – beds and – baths that has been on Estately for 11 days. 8124 W 83rd Street is in the Silicon Beach neighborhood of Los Angeles and has a WalkScore® of 75, making it very walkable. This multifamily is in the attendance area of Orville Wright Steam Magnet Middle School, Loyola Village Elementary Fine/Performing Arts Magnet School, and Westchester Enriched Sciences Magnets.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Est. Based on information from California Regional Multiple Listing Service, Inc. as of 17:55 on Feb 01.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.