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6401 Ocean Front Walk

Playa Del Rey, CA 90293
  • $4,650,000
  • STATUS: Active Under Contract
  • ON SITE: 73 Days
  • ID#: 24373473
Under Contract
UPDATED: 104 min ago
$4,650,000
  • 5
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,421
    SQFT
  • $1,921
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Listing Agent(s): Andrew Malekie of Link Brokerages (310-695-6510) and Coby Chatwin of Link Brokerages(310-695-6510)


Description

(NEW EXTERIOR PAINT - CAN BE PURCHASED TOGETHER OR SEPARATE) A once-in-a-lifetime opportunity to own two iconic beachfront duplexes nestled in the coveted Playa Del Rey neighborhood of Los Angeles. These trophy assets have full upcoming vacancy by end of August 2024 and promise unparalleled potential for savvy investors or owner-users seeking the ultimate coastal lifestyle. Ideally positioned on Ocean Front Walk, the most private and secluded beachfront pocket of Playa Del Rey, these duplexes offer panoramic ocean views from every unit, with the beach as your backyard to the West and the Del Rey Lagoon and Park steps away to the East. Residents enjoy nearly exclusive beach access, where this prime location has minimal noise and foot traffic while maintaining close proximity to all local amenities and attractions. Each unit is impeccably maintained, but also presents a blank slate for value enhancement. Electrical and plumbing (copper) have been upgraded throughout each building, and each unit is individually metered for utilities (except laundry - W/D in garage of each building shared by respective tenants). Both buildings have garage spaces accommodating two cars each and ample storage, while the 6401 building has additional on site tandem parking on the North side of the building + EV charging. The full upcoming vacancy is a rare gem in Playa Del Rey's real estate landscape, not to mention the unmatched location, rental upside, and value add potential that comes with it. Don't miss your chance to own a piece of Playa Del Rey's sought-after beachfront and unlock this property's full potential.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T15:29:25.91. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/149146900
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6401 Ocean Front Walk Playa Del Rey, CA 90293

  • Price: $4,650,000
  • Status: Active Under Contract
  • On Site: 73 Days
  • Updated: 104 min ago
  • ID#: 24373473
5
Beds
0
Baths
0
½ Baths
0.06
Acres
2,421
SQFT
$1,921
$/SQFT
1965
Built
Neighborhood:
C31 - Playa Del Rey
County:
Los Angeles
Area:
C31 - Playa Del Rey
Property Description
(NEW EXTERIOR PAINT - CAN BE PURCHASED TOGETHER OR SEPARATE) A once-in-a-lifetime opportunity to own two iconic beachfront duplexes nestled in the coveted Playa Del Rey neighborhood of Los Angeles. These trophy assets have full upcoming vacancy by end of August 2024 and promise unparalleled potential for savvy investors or owner-users seeking the ultimate coastal lifestyle. Ideally positioned on Ocean Front Walk, the most private and secluded beachfront pocket of Playa Del Rey, these duplexes offer panoramic ocean views from every unit, with the beach as your backyard to the West and the Del Rey Lagoon and Park steps away to the East. Residents enjoy nearly exclusive beach access, where this prime location has minimal noise and foot traffic while maintaining close proximity to all local amenities and attractions. Each unit is impeccably maintained, but also presents a blank slate for value enhancement. Electrical and plumbing (copper) have been upgraded throughout each building, and each unit is individually metered for utilities (except laundry - W/D in garage of each building shared by respective tenants). Both buildings have garage spaces accommodating two cars each and ample storage, while the 6401 building has additional on site tandem parking on the North side of the building + EV charging. The full upcoming vacancy is a rare gem in Playa Del Rey's real estate landscape, not to mention the unmatched location, rental upside, and value add potential that comes with it. Don't miss your chance to own a piece of Playa Del Rey's sought-after beachfront and unlock this property's full potential.
Exterior Features

Attached Garage YN Yes Construction Materials Stucco Direction Faces West Parking Features Door-MultiGarageOn Street Parking Total 2 View Ocean View YN Yes Waterfront Features Ocean Front

Interior Features

Appliances DishwasherDisposalMicrowaveRefrigerator Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Heating Central Heating YN Yes

Property Features

Association YN No Cap Rate 3 Disclosures Coastal Commission RestrictionsRent Control Gross Income 210000 Laundry Features In Garage Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 142225 New Construction YN No Possession Close Of Escrow Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 100 Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T15:29:25.91. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
8577 Haven Ave, Suite 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Andrew Malekie of Link Brokerages (310-695-6510) and Coby Chatwin of Link Brokerages(310-695-6510)