7749 St Bernard St, Los Angeles

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7749-55 Saint Bernard St

Playa Del Rey, CA 90293

Transaction Overview

The LAAA Team of Marcus & Millichap is proud to announce our representation of the buyer in the successful acquisition of a premier 14-unit multifamily property in Playa Del Rey, CA. In this transaction, we exclusively represented the buyers and collaborated closely with Cameron Samini of Lyon Stahl, who represented the sellers. What further distinguishes this transaction is that it marks the first time the asset had ever traded since it was originally developed by the seller’s father in 1962.

Playa Del Rey Multifamily Market Context

Playa Del Rey is one of the most supply-constrained multifamily submarkets on the Westside, with no multifamily sales in 2023, only two in 2024, and this transaction representing just the fourth sale to close in 2025 and the sixth sale over the past three years. With transactions averaging roughly one every six months, Playa Del Rey remains an exceptionally illiquid market where opportunities to transact are rare.

Property Overview

Located in the heart of Playa Del Rey’s Silicon Beach submarket, 7749–55 Saint Bernard Street is a well-maintained 14-unit apartment community totaling 16,768 square feet on a 17,106 square foot lot. The mix includes nine 2-bedroom, 2-bath units, four 1-bedroom, 1-bath units, and one 3-bedroom, 3-bath residence, each with a private balcony or patio.

Adjacent to the $150 million Lulu’s Place sports and recreation complex now under construction, residents will soon enjoy nearby tennis courts, athletic fields, walking paths, and open green space. In a supply-constrained coastal market, this blend of location, improvements, and future amenities supports more than 55% rental upside and a strong long-term value-add opportunity.

Our Journey With the Buyers

We first connected with these buyers in August 2024 when they reached out regarding an 11-unit listing we had in Santa Monica. They were experienced investors with a strong portfolio in tertiary markets, but this would be their first acquisition in prime West Los Angeles. Over the following year, what began as an initial inquiry evolved into a trusted advisory relationship built through consistent dialogue, market education, and alignment around long-term goals focused on deploying meaningful capital...