3111 Ocean Front Walk, Marina Del Rey, CA 90292
Active
$12,675,000
5 Units
6 Beds
9 Baths
8,000 Area(sq.ft.)
Lot: 5,039 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | studio | 1 | No | n/a | n/a | $ 2,400 |
| Unit 2 | 1 | studio | 1 | No | n/a | n/a | $ 7,800 |
| Unit 3 | 1 | 2 | 3 | No | n/a | n/a | $ 9,000 |
| Unit 4 | 1 | 2 | 2 | No | n/a | n/a | $ 11,000 |
| Unit 5 | 1 | 2 | 2 | No | n/a | n/a | $ 15,000 |
| 5 | 6 | 9 | $ 0 | $ 0 | $ 45,200 |
| MLS #: | SB25111556MR |
| Days On Market: | 291 |
| Listing Date: | February 17, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,584 |
| Price per unit: | $ 2,535,000 |
| Year Built: | 1992 |
Property Details
Welcome to this stunning coastal property located just steps from Venice Pier in one of Los Angeles s most desirable areas. This iconic mixed-use property blends residential and commercial spaces, offering incredible investment potential. Spanning nearly 8,000 square feet across four levels, the property boasts expansive views, luxurious living, and commercial flexibility. Enjoy 270-degree ocean to city views, Pacific Ocean, Santa Monica mountains, Venice Pier, and the city skyline. At 45 feet tall, each level offers breathtaking panoramic views, providing the perfect backdrop for a dream lifestyle. The ground level features two commercial retail spaces totaling 1,400 square feet, ideal for high-traffic businesses, event rentals, or creative spaces. The second level offers two ocean-view 2-bedroom, 2-bathroom apartments, each nearly 1,400 square feet, combining luxury living with prime real estate investment. At the top, the owner s penthouse spans 3,800 square feet, with soaring ceilings, an open floor plan, and glass walls framing incredible views from the Santa Monica mountains to the Pacific Ocean. In addition, experience sunrise to sunset views from a unique motorized loft currently being utilized as the primary bedroom. This property offers endless opportunities, whether as a boutique hotel, luxury Airbnb, or residence with office space. With flexible options for residential leasing, commercial ventures, and event hosting, it s primed for substantial income generation. The property holds the potential for transformation into a consistent income generator. The building includes 11 parking spaces across three garages with private access, adding convenience for tenants, guests, and businesses. Outdoor space is plentiful, ideal for additional lifestyle features or enhancing event-hosting potential. Located on the beach, world-class dining, shopping, and outdoor activities, this property offers an unbeatable coastal lifestyle and provides endless opportunities in one of Los Angeles s most coveted locations. With its iconic design, breathtaking views, and versatile possibilities, this property stands as one of the most exceptional investment opportunities. Seize the chance to own this coastal gem and unlock its full potential. With its unique blend of luxury, flexibility, and location, this is truly a one-of-a-kind opportunity!Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 14,500 |
| Net Operating Income: | $ 0 |
| Actual Gross Rent: | $ 0 |
Structure
| Community Features: | Sidewalks |
| Security Features: | Security System |
| Style: | Contemporary |
| Sewer: | Other |
| View Description: | Marina, Ocean |
| Water: | Other |
Land & Parking
| Zoning: | LAC4 |
| Land Lease Type: | Fee |
| Parking Garage: | Garage |
| Total Parking: | 11 |
Interior
| AC/Cooling: | Central |
| Fireplace Rooms: | Decorative, Family Room, Living Room |
| Laundry: | Inside |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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