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Key Details
Sold Price $3,375,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,786 sqft
Price per Sqft $433
MLS Listing ID 22209999
Sold Date 12/20/22
Bedrooms 14
HOA Y/N No
Year Built 1962
Lot Size 8,838 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C31 - Playa Del Rey
Zoning LAR3
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Forced Air
Fireplaces Type Living Room
Fireplace Yes
Appliance Dishwasher
Laundry Common Area
Exterior
Garage Carport
Parking Type Carport
Total Parking Spaces 8
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 4118010020
Special Listing Condition Standard
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Bought with Tony Azzi • Tony Azzi