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7736 Paseo del Rey
Venice, CA 90293
Prime PDR location, massive units · Multifamily Property For Sale
·
7 Units
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.
Property Facts
| Price Per Unit | $503,821 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 |
| Property Subtype | Apartment | ||
| Zoning | R3 - Multiple Residential | ||
| Price Per Unit | $503,821 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 |
Property Taxes
| Parcel Number | 4118-010-023 | Improvements Assessment | $544,455 CAD |
| Land Assessment | $1,950,105 CAD | Total Assessment | $2,494,560 CAD |
Property Taxes
Parcel Number
4118-010-023
Land Assessment
$1,950,105 CAD
Improvements Assessment
$544,455 CAD
Total Assessment
$2,494,560 CAD
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