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Prime PDR location, massive units 7736 Paseo del Rey 7 Unit Apartment Building $2,500,000 ($357,143/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 | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$205,581
|
$26.75
|
| Other Income |
$1,200
|
$0.16
|
| Vacancy Loss |
$6,167
|
$0.80
|
| Effective Gross Income |
$200,614
|
$26.11
|
| Taxes |
$29,985
|
$3.90
|
| Operating Expenses |
$54,676
|
$7.12
|
| Total Expenses |
$84,661
|
$11.02
|
| Net Operating Income |
$115,953
|
$15.09
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $205,581 |
| Annual Per SF | $26.75 |
| Other Income | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.16 |
| Vacancy Loss | |
|---|---|
| Annual | $6,167 |
| Annual Per SF | $0.80 |
| Effective Gross Income | |
|---|---|
| Annual | $200,614 |
| Annual Per SF | $26.11 |
| Taxes | |
|---|---|
| Annual | $29,985 |
| Annual Per SF | $3.90 |
| Operating Expenses | |
|---|---|
| Annual | $54,676 |
| Annual Per SF | $7.12 |
| Total Expenses | |
|---|---|
| Annual | $84,661 |
| Annual Per SF | $11.02 |
| Net Operating Income | |
|---|---|
| Annual | $115,953 |
| Annual Per SF | $15.09 |
Property Facts
| Price | $2,500,000 | Property Subtype | Apartment |
| Price Per Unit | $357,143 | 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 | $2,500,000 |
| Price Per Unit | $357,143 |
| 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 | $1,761,098 |
| Land Assessment | $1,376,726 | Annual Taxes | $29,985 ($3.90/SF) |
| Improvements Assessment | $384,372 | Tax Year | 2025 |
Property Taxes
Parcel Number
4118-010-023
Land Assessment
$1,376,726
Improvements Assessment
$384,372
Total Assessment
$1,761,098
Annual Taxes
$29,985 ($3.90/SF)
Tax Year
2025
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Prime PDR location, massive units | 7736 Paseo del Rey
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