6401 Ocean Front Walk , Playa Del Rey, CA - 90293 is For Sale

  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
  • 24373473
$4,750,000· Income 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.

Features

MLS#: 24373473
List Price : $4,750,000
Total Units : 2
CAP rate : $3.00
Gross Operating Income : $210,000
Net Operating Income : $142,225
Sq M : 237 M2
Year Built : 1965
Days on market : 27 Days
Gross taxes : N/A
Address : 6401 Ocean Front Walk
City : Playa Del Rey
State : CA
Zip Code : 90293
Neighborhood : N/A
Appliances : Dishwasher, Disposal, Microwave, Refrigerator
Fireplace Features : Living Room
Stories : 2
Laundry : In Garage
Parking Features : Garage - Two Door, Street
Sale Type : Standard
View : Ocean
 
Property Type : Residential Income
Original List Price : $4,750,000
Acres : 0.0586
Lot Size (Acres) : 0.0586
Heating : Central
Parking Features : Garage - Two Door, Street
Cooling : None
Driving Directions : On Ocean Front Walk
 
Courtesy of : Andrew Malekie , Link Brokerages

Location

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