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Prime PDR location, massive units 7736 Paseo del Rey 7 Unit Apartment Building $3,419,250 CAD ($488,464 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 |
$281,173
|
$36.59
|
| Other Income |
$1,641
|
$0.21
|
| Vacancy Loss |
$8,435
|
$1.10
|
| Effective Gross Income |
$274,380
|
$35.71
|
| Taxes |
$41,010
|
$5.34
|
| Operating Expenses |
$74,780
|
$9.73
|
| Total Expenses |
$115,791
|
$15.07
|
| Net Operating Income |
$158,589
|
$20.64
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $281,173 |
| Annual Per SF | $36.59 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,641 |
| Annual Per SF | $0.21 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,435 |
| Annual Per SF | $1.10 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $274,380 |
| Annual Per SF | $35.71 |
| Taxes (CAD) | |
|---|---|
| Annual | $41,010 |
| Annual Per SF | $5.34 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $74,780 |
| Annual Per SF | $9.73 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $115,791 |
| Annual Per SF | $15.07 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $158,589 |
| Annual Per SF | $20.64 |
Property Facts
| Price | $3,419,250 CAD | Property Subtype | Apartment |
| Price Per Unit | $488,464 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 | $3,419,250 CAD |
| Price Per Unit | $488,464 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 |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4118-010-023 | Total Assessment | $2,437,536 CAD |
| Land Assessment | $1,905,526 CAD | Annual Taxes | $41,010 CAD ($5.34 CAD/SF) |
| Improvements Assessment | $532,009 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
4118-010-023
Land Assessment
$1,905,526 CAD
Improvements Assessment
$532,009 CAD
Total Assessment
$2,437,536 CAD
Annual Taxes
$41,010 CAD ($5.34 CAD/SF)
Tax Year
2025
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Prime PDR location, massive units | 7736 Paseo del Rey
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