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Prime PDR location, massive units 7736 Paseo del Rey 7 Unit Apartment Building $3,478,750 CAD ($496,964 CAD/Unit) 4.64% Cap Rate Venice, CA 90293
INVESTMENT HIGHLIGHTS
- Bright, oversized units with private patios/balconies
- Fantastic Playa Del Rey location
- Significant remaining rental upside
- Long-term family ownership
- Well maintained and professionally managed
EXECUTIVE SUMMARY
***May be purchased with 8346 Manitoba***
Rob Renshaw of RE/MAX Commercial & Investment Realty and Patricia Hamada of Beach City Brokers are pleased to present a unique multifamily offering on LA's Westside. Located at 7736 Paseo Del Rey in Playa Del Rey, CA, this charming 7-unit apartment building offers a mix of spacious 3, 2, and 1-bedroom units, each designed to provide comfort and style. The units feature private patios or balconies, midcentury-style fireplaces (select units), updated flooring, and an abundance of natural light, all creating a welcoming and airy atmosphere. Residents will enjoy assigned parking and storage as well as convenient on-site laundry facilities. Tenants also have the ability to rent additional storage space at 8346 Manitoba St if desired.
The property is beautifully landscaped, enhancing the serene environment. Just a short walk from the beach and the vibrant Playa Del Rey village, 7736 Paseo Del Rey offers easy access to local dining, shopping, and entertainment.
Playa Del Rey is a laid-back coastal neighborhood known for its beautiful beaches, scenic views, and relaxed vibe, providing a perfect blend of urban convenience and coastal charm.
Rob Renshaw of RE/MAX Commercial & Investment Realty and Patricia Hamada of Beach City Brokers are pleased to present a unique multifamily offering on LA's Westside. Located at 7736 Paseo Del Rey in Playa Del Rey, CA, this charming 7-unit apartment building offers a mix of spacious 3, 2, and 1-bedroom units, each designed to provide comfort and style. The units feature private patios or balconies, midcentury-style fireplaces (select units), updated flooring, and an abundance of natural light, all creating a welcoming and airy atmosphere. Residents will enjoy assigned parking and storage as well as convenient on-site laundry facilities. Tenants also have the ability to rent additional storage space at 8346 Manitoba St if desired.
The property is beautifully landscaped, enhancing the serene environment. Just a short walk from the beach and the vibrant Playa Del Rey village, 7736 Paseo Del Rey offers easy access to local dining, shopping, and entertainment.
Playa Del Rey is a laid-back coastal neighborhood known for its beautiful beaches, scenic views, and relaxed vibe, providing a perfect blend of urban convenience and coastal charm.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$286,066
|
$37.23
|
| Other Income |
$1,670
|
$0.22
|
| Vacancy Loss |
$8,581
|
$1.12
|
| Effective Gross Income |
$279,154
|
$36.33
|
| Taxes |
$41,724
|
$5.43
|
| Operating Expenses |
$76,082
|
$9.90
|
| Total Expenses |
$117,806
|
$15.33
|
| Net Operating Income |
$161,349
|
$21.00
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $286,066 |
| Annual Per SF | $37.23 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,670 |
| Annual Per SF | $0.22 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,581 |
| Annual Per SF | $1.12 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $279,154 |
| Annual Per SF | $36.33 |
| Taxes (CAD) | |
|---|---|
| Annual | $41,724 |
| Annual Per SF | $5.43 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $76,082 |
| Annual Per SF | $9.90 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $117,806 |
| Annual Per SF | $15.33 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $161,349 |
| Annual Per SF | $21.00 |
PROPERTY FACTS
| Price | $3,478,750 CAD | Property Subtype | Apartment |
| Price Per Unit | $496,964 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 4.64% | Lot Size | 0.17 AC |
| Gross Rent Multiplier | 12.16 | Building Size | 7,684 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Zoning | R3 - Multiple Residential | ||
| Price | $3,478,750 CAD |
| Price Per Unit | $496,964 CAD |
| Sale Type | Investment |
| Cap Rate | 4.64% |
| Gross Rent Multiplier | 12.16 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 7,684 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Zoning | R3 - Multiple Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,300 |
| 2+2 | 4 | - | 1,100 |
| 1+1 | 2 | - | 900 |
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PROPERTY TAXES
| Parcel Number | 4118-010-023 | Total Assessment | $2,450,568 CAD |
| Land Assessment | $1,915,714 CAD | Annual Taxes | $41,724 CAD ($5.43 CAD/SF) |
| Improvements Assessment | $534,854 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
4118-010-023
Land Assessment
$1,915,714 CAD
Improvements Assessment
$534,854 CAD
Total Assessment
$2,450,568 CAD
Annual Taxes
$41,724 CAD ($5.43 CAD/SF)
Tax Year
2025
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Prime PDR location, massive units | 7736 Paseo del Rey
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