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3111 Ocean Front Walk 5 Unit Apartment Building $11,950,000 ($2,390,000/Unit) 7.10% Cap Rate Marina Del Rey, CA 90292
INVESTMENT HIGHLIGHTS
- Steps from the beach/pier
- Iconic location and building
- Prime beachfront property with ocean views
EXECUTIVE SUMMARY
JUST REDUCED / MOTIVATED SELLER | +/-8,000 SF of Mixed-Use space located footsteps from the Venice Pier. This multi-faceted building provides ample opportunities for residential, commercial, boutique hotel, and Airbnb. Built in 1992, the iconic high-concept architectural beach front asset is a four-story 8,000 SF building that encompasses 5,039 SF of irreplaceable coastal land. Each level offers opportunistic environments which include commercial spaces on Ocean Front Walk, shoreline view apartments, and a split-level penthouse uniquely designed with 270-degree ocean to city views allowing sunrise to sunset experiences from a motorized loft.
PROPERTY FACTS
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Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 4225-001-002 | Improvements Assessment | $1,580,707 |
| Land Assessment | $1,920,492 | Total Assessment | $3,501,199 |
PROPERTY TAXES
Parcel Number
4225-001-002
Land Assessment
$1,920,492
Improvements Assessment
$1,580,707
Total Assessment
$3,501,199
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MATTERPORT 3D EXTERIOR
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3111 Ocean Front Walk
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