7736 Paseo Del Rey #7 · Los Angeles, CA 90293

$2,500,000

15 bd · 12.0 ba · 7,684 sqft · MultiFamily public records · 310 Days on market

Built 1963 7,562 sqft lot $325/sqft · 20% below area Est $3133k · 20% under

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +16.3/30.0
• ARV discount +15.0/15.0
• DSCR +5.1/10.0
• Appreciation +4.0/10.0
• 1% rule +3.8/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +1.3/5.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 5 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Located at 7736 Paseo Del Rey in Playa Del Rey, CA, this charming 7-unit apartmentbuilding offers a mix of spacious 1 and 2-bedroom units, each designed to providecomfort and style. The units feature private patios or balconies, midcentury-style fireplaces, updated flooring, and an abundance of natural light, all creatinga welcoming and airy atmosphere. Residents will enjoy assigned parking andconvenient on-site laundry facilities. The property is beautifully landscaped, enhancing the serene environment. Just ashort 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.

Key facts

• Natural light
• Private patios
• Updated flooring

Tags

• PRIVATE PATIOS
• MIDCENTURY-STYLE FIREPLACES
• UPDATED FLOORING
• NATURAL LIGHT
• ASSIGNED PARKING
• ON-SITE LAUNDRY FACILITIES

What this means for you Summary

Snapshot

• This is a 5 × 3-bed/?-bath units multifamily listed at $2.50M.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive. Per door: $276/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $2.20M (11.9% below list).
• Recommended offer: $2.20M (12.0% below list) — sets the bar for market timing.
• Cap rate 7.0% vs local median 2.1% in Los Angeles — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#273 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment B; Watch: health & safety C-, schools D+, crime F.
• Los Angeles Unified (urban): math 29% / reading 54% proficiency, ranked #223 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents falling (-4.7%/yr); 81 active listings in the ZIP; high-income renter base; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
• At $22,013/mo this rent would consume 197% of the median local household income ($134k/yr) (locally 781% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-2.1%/yr); year-one equity from $17k of loan paydown is wiped out by about $52k of value loss. Plan a longer hold.
• Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 310 days — a 12% lower offer ($2.20M) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $2,200,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 310 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.88% ✗
• Cap rate: 6.96%
• Cash-on-cash: 2.36%
• DSCR: 1.11
• GRM: 9.5

CMA / ARV

• ARV (median comp): $3,133,000
• List price: $2,500,000
• Delta: -20.20%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

-2.1% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -10.7%
• Equity multiple: 0.59×
• Total profit: $-286,771
• Equity at exit: $474,288

10-year hold

• IRR: -6.4%
• Equity multiple: 0.57×
• Total profit: $-303,028
• Equity at exit: $394,652

Cash invested: $700,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City Los Angeles: 0 Strongly Tenant-Friendly · D+22

LARSO + JCEO 2023; relocation for substantial remodel evictions.

Methodology + full state rankings →

ZIP-level market 90293

• Home prices YoY: -0.7%
• Rents YoY: -4.7%
• Active inventory: 81
• Price-to-rent: 47.3×

Monthly cashflow live

• Estimated rent: $22,013 high
• Mortgage (P&I): −$13,110
• Tax from tax record: −$1,859 /mo · $22,307/yr
• Insurance: −$1,042
• HOA: −$0
• Vacancy / Maint / Mgmt: −$4,623
• Net cashflow: $1,379

Break-even live

Break-even rent $20,267

Max offer price $2,500,000

Occupancy floor 89%

5-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 5× units	3	—	$22,015
Total (5 units)			$22,013

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $625,000
• Closing costs: $75,000
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-18
   days on market $2,500,000 Active 310 DOM
2. 2026-06-17
   days on market $2,500,000 Active 309 DOM
3. 2026-06-16
   days on market $2,500,000 Active 308 DOM
4. 2026-06-15
   days on market $2,500,000 Active 307 DOM
5. 2026-06-13
   days on market $2,500,000 Active 305 DOM
6. 2026-06-09
   days on market $2,500,000 Active 301 DOM
7. 2026-06-08
   days on market $2,500,000 Active 300 DOM
8. 2026-06-07
   days on market $2,500,000 Active 299 DOM
9. 2026-06-04
   days on market $2,500,000 Active 296 DOM
10. 2026-06-03
    days on market $2,500,000 Active 295 DOM
11. 2026-06-02
    days on market $2,500,000 Active 294 DOM
12. 2026-06-01
    days on market $2,500,000 Active 293 DOM
13. 2026-05-31
    days on market $2,500,000 Active 292 DOM
14. 2025-08-12
    listed $2,500,000 Active 845-char remark

    Show marketing remark (845 chars)

    Located at 7736 Paseo Del Rey in Playa Del Rey, CA, this charming 7-unit apartmentbuilding offers a mix of spacious 1 and 2-bedroom units, each designed to providecomfort and style. The units feature private patios or balconies, midcentury-style fireplaces, updated flooring, and an abundance of natural light, all creatinga welcoming and airy atmosphere. Residents will enjoy assigned parking andconvenient on-site laundry facilities. The property is beautifully landscaped, enhancing the serene environment. Just ashort 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.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $22,307 · $1,859/mo
• Projected year-2 tax: $22,307 · $1,859/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 6 d/yr ≥82°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $264,156
• − Mortgage interest: −$140,039
• − Property taxes: −$22,307
• − Insurance: −$12,500
• − Repairs & maintenance: −$21,132
• − Management: −$21,132
• − Depreciation: −$72,727
• Taxable loss: −$25,682
• Est. tax savings @ 24.0%: +$6,164
• After-tax cash flow: $22,717/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Los Angeles Unified
• NCES district ID: 0622710
• Math proficiency: 29% ▼ -4.00%
• Reading proficiency: 54% ▲ 10.00%
• Median HH income: $50,403
• Composite: 35.67/100
• National rank: #4875
• State rank: #223 of 517 in CA

Livability — Los Angeles

• Score: 68/100
• State rank: #273
• US rank: #9237

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment B Housing B- Health & safety C- User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Los Angeles, CA
• County: Los Angeles County · 9,444,647 people
• City population: 3,838,149
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 12,655
• Household income: $134,313
• Rent vs Own: 55.0% rent · 45.0% own
• Severe rent burden: 781.0

Population outlook (Los Angeles County) Hauer SSP2

• Today (2025): 10,940,515 people
• By 2030: 11,256,481 · +2.9%
• By 2040: 11,729,929 · +7.2%
• By 2050: 11,948,407 · +9.2%
• By 2075: 11,818,114 · +8.0%
• By 2100: 10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 63% Hispanic / Latino 19% Two or more races 10% Asian 10% Black 4%
• Hispanic origin (detail): Mexican 7% Dominican 1%
• Common ancestry: Lithuanian 5% Italian 4% Romanian 4%
• Foreign-born: 16% · Canada, China, South Korea
• Languages at home: 78% English-only · Spanish 10% Other Indo-European 3% Arabic 2%

Political lean MEDSL · Los Angeles

• 2024 margin: Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
• 2008→2024 swing: -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
• All cycles: 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.10%
• Current HPI: 296.7286
• Rent YoY: ▼ -4.69%
• Metro: Los Angeles-Long Beach-Anaheim, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

1 event — show timeline

• 2025-08-12 Listed $2,500,000 TheMLS

Property tax history

+4.9%/yr

Latest (2025): $22,307 · +1.4% YoY. Source: county tax records.