3111 Ocean Front Walk, Marina Del Rey, California 90292, Marina Del Rey, - bed, bath

home-pic
ACTIVE$11,950,000
3111 Ocean Front Walk, Marina Del Rey, California 90292
5Beds
9Baths
8,000Sqft
5,039Lot
Year Built
1992
Close
-
List price
$11.95M
Original List price
$12.68M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SB25068190
Home ConditionGood
Features
Excellent View: Marina, Ocean
ViewMarina, Ocean

About this home

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!

Price History

Date
Event
Price
04/04/02
Sold
$2,370,000
Condition Rating
Good

The property was built in 1992. The images show modern design elements and well-maintained spaces, particularly in the penthouse. Some of the apartment kitchens appear slightly dated, but overall the property presents as move-in ready with no immediate need for major renovations. The bathrooms appear updated and in good condition. The building appears to be well-maintained.
Pros & Cons

Pros

Prime Location: Located steps from Venice Pier in a highly desirable area of Los Angeles, offering an unbeatable coastal lifestyle with access to world-class dining, shopping, and outdoor activities.
Mixed-Use Potential: The property blends residential and commercial spaces, offering incredible investment potential with flexible options for residential leasing, commercial ventures, and event hosting, primed for substantial income generation.
Exceptional Views: Boasts 270-degree panoramic views of the ocean, city skyline, and Santa Monica Mountains from every level, enhancing its appeal and value.
Ample Parking: Includes 11 parking spaces across three garages with private access, providing convenience for tenants, guests, and businesses.
Large Square Footage: Spanning nearly 8,000 square feet across four levels, the property offers expansive living and commercial spaces.

Cons

High Price Point: The list price of $11,950,000 may limit the pool of potential buyers.
Year Built: Built in 1992, the property may require updates to appeal to buyers seeking modern amenities and design.
Original List Price Reduction: The property's price was reduced from $12,675,000, which may raise questions about its market value and potential negotiation room.

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