8124 West 83rd Street

Closed 5/13/25
Closed 5/13/25
Gallery Image 1
Sold
Last Sold Price
$1,865,000
9 beds6 baths4,351 sqft
8124 W 83rd St, Playa del Rey, CA 90293
Mixed UseProperty Type
0.14 acresLot Size
1958Year Built
$429/sq ftPrice per sq ft
4 carsParking Spaces

Description

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...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: Woody Stahl DRE #01399621 Brokerage DRE #01972083 • Lyon Stahl Investment Real Est broker@lyonstahl.com
  • Listed by: Brett Lyon DRE #01717818 Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Listing closed: 05/13/2025 12:00 AM • Source: CRMLS, MLS#: PW25014606

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Recent comparable sales

Median sold price

$2,565,000

Avg days on market

46

Sale-to-list ratio

97.5%

Playa del Rey, CA

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Location

Listing Courtesy of Lyon Stahl Investment Real Est, Woody Stahl, DRE #01399621; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818

Sold By LB Property Management Inc, Jordan Polon, DRE #02121584

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Principal and Interest

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Property Taxes

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Property Information for 8124 West 83rd Street

Property Details
  • MLS Type: Residential Income
  • County: Los Angeles County
  • Parking Spaces Total: 4
  • Private Pool: No
  • Total Units: 5.0
  • Building Type: Attached
  • Lot Size Source: Assessor
  • Living Area: 4351
  • Assessor Parcel Number: 4115-013-024
  • Property Attached YN: true
  • Common Walls: 2+ Common Walls
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 4351
  • Building Area Units: Square Feet
  • Stories Total: 2
  • Entry Level: 1
  • Pool: No
  • Zoning: LAR3
  • Senior Community: No
  • Parcel Number: 4115013024
  • Area: Playa Del Rey (C31)
  • Directions: 1 block north of W Manchester Ave
Building Information
  • Stories: 2
  • Year Built: 1958
  • Lot Size: 0.14 AC / 6,254 SF
Income / Expense / Tax Details
Income Details
  • Gross Income: $155,252
  • Gross Scheduled Income: $155,252
  • Vacancy Allowance: 4658
  • Gross Operating Income: $150,595
  • Net Operating Income: $99,119
  • Gross Multiplier: 12.4
  • Cap Rate: 5.18
  • Financing: Conventional
Expense Details
  • Operating Expense: $51,476
  • New Taxes Expense: $24,939
  • Gardener Expense: $1,180
  • Insurance Expense: $6,527
  • Maintenance Expense: $6,210
  • Professional Management Expense: $7,763
  • Other Expense: $4,857
  • Other Expense Description: Utility
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $51,476
Tax / Assessment Info
  • Tax Block: 20
  • Tax Tract Number: 9809
  • Tax Census Tract: 2766.01
  • Tax Lot: 16
Community / Development
Community / Development
  • Community Features: Biking
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,735
  • Unit Type Total Rent: $3,735
  • Unit Type Pro Forma: 4250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 2595
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,789
  • Unit Type Total Rent: $2,789
  • Unit Type Pro Forma: 3450
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,284
  • Unit Type Total Rent: $2,284
  • Unit Type Pro Forma: 3450
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,005
  • Unit Type Total Rent: $2,005
  • Unit Type Pro Forma: 2595
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 8124 West 83rd Street

DateEvent & SourcePriceAppreciation
May 13, 2025

Sold

CLAW #PW25014606MR

$1,865,000—
May 13, 2025

Sold

CRMLS #PW25014606

$1,865,000—
Feb 19, 2025

Sold (Public Record)

Public Record #1557388020

$1,865,000—
DateEvent & SourcePrice
05/13/2025

Sold

CLAW #PW25014606MR

$1,865,000
05/13/2025

Sold

CRMLS #PW25014606

$1,865,000
02/19/2025

Sold (Public Record)

Public Record #1557388020

$1,865,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 8124 West 83rd Street

Taxable ValueLand$1,020,000Additions$882,300Total$1,902,300
Tax Record2025$9,996 ($833 / month)
Home Facts
Baths6Total Finished SqFt4,351 SqFtAbove Grade Finished SqFt4,351 SqFtStories2Lot Size6,252 SqFtStyleMulti-Family Dwelling (2-4)Year Built1958Year Renovated1958ZoningLAR3CountyLOS ANGELESAPN4115-013-024

Schools near 8124 West 83rd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Loyola Village Elementary School
Public - K to 5
Kentwood Elementary School
Public - K to 5
Paseo Del Rey Natural Science Magnet
Public - K to 5
Orville Wright Engineering And Design Magnet
Public - 6 to 8
Rating
School
Distance
Loyola Village Elementary School
PublicK to 5

Kentwood Elementary School
PublicK to 5

Paseo Del Rey Natural Science Magnet
PublicK to 5

Orville Wright Engineering And Design Magnet
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 8124 West 83rd Street, Playa del Rey, CA 90293
$1,865,000
9
6
4,351
6,254
8130 West 83rd Street, Playa del Rey, CA 90293
$1,140,000
7
5
3,916
6,253
8130 West 83rd Street, Unit 1, Playa del Rey, CA 90293
$1,140,000
–
5
3,916
6,253
8118 West 83rd Street, Unit 1, Playa del Rey, CA 90293
$2,025,000
–
8
5,504
6,251
8118 West 83rd Street, Playa del Rey, CA 90293
$2,025,000
10
8
5,504
6,251
8145 West Manchester Avenue, Playa del Rey, CA 90293
–
–
–
1,947
–

Explore Nearby Homes

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Listing Courtesy of Lyon Stahl Investment Real Est, Woody Stahl, DRE #01399621; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.