4050 Glencoe Avenue 423, Marina Del Rey, California 90292, Marina Del Rey, 90292 - 1 bed, 2 bath

4050 Glencoe Avenue 423, Marina Del Rey, California 90292 home-pic-0
ACTIVE$829,000
4050 Glencoe Avenue 423, Marina Del Rey, California 90292
1Bed
2Baths
890Sqft
59,240Lot
Year Built
2007
Close
-
List price
$829K
Original List price
$829K
Price/Sqft
$931
HOA
$525
Days on market
-
Sold On
-
MLS number
OC25178937
Home ConditionGood
Features
Deck
Spa
ViewCourtyard

About this home

We found 3 Cons,5 Pros. Rank: price - $829.0K(22th), sqft - 890(10th), beds - 1(16th), baths - 2(50th).

Prime Income Opportunity Spectacular and spacious, this 1-bedroom, 1.5-bathroom single-level penthouse is located in the heart of the Marina Del Rey Arts District, just two blocks from the beach. Currently tenant-occupied at above-market rent, this property is the perfect turnkey investment with immediate income potential. The unit offers soaring ceilings, wood floors, a fireplace, and a chef’s kitchen with Viking appliances and granite counters—features that ensure continued tenant demand. The primary suite includes double closets, a spa-like en-suite bathroom, and access to a private balcony retreat. Additional highlights include central HVAC, in-unit laundry, and two side-by-side garage parking spaces. The building provides resort-style amenities that drive tenant appeal and rental strength, including a fitness center, spa, sauna, steam room, hot tub, BBQ area, meeting room, and ample guest parking. Area is close proximity to shops, dining, entertainment, and freeways, this property offers both stable income and long-term value appreciation. Turnkey. Tenant in place. High demand coastal rental market.

Price History

Date
Event
Price
08/08/25
Listing
$829,000
11/21/07
Sold
$547,000
Condition Rating
Good

Built in 2007, this property falls within the 10-20 year age range for a 'Good' rating. The kitchen features high-end Viking appliances, granite countertops, and white shaker-style cabinets, all appearing well-maintained. The description notes a 'spa-like en-suite bathroom' and the unit includes wood floors, central HVAC, and in-unit laundry. While not newly renovated, the property is move-in ready with quality finishes and minimal visible wear and tear, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Prime Investment & Turnkey Income: This property is a turnkey investment, currently tenant-occupied at above-market rent, offering immediate income potential and strong long-term value appreciation in a high-demand coastal rental market.
Exceptional Coastal Location: Located in the desirable Marina Del Rey Arts District, just two blocks from the beach, with convenient access to shops, dining, entertainment, and major freeways.
Luxury Penthouse Features: As a penthouse unit, it boasts soaring ceilings, wood floors, a fireplace, a chef’s kitchen with Viking appliances and granite counters, and a spa-like primary en-suite bathroom.
Extensive Building Amenities: The building offers resort-style amenities including a fitness center, spa, sauna, steam room, hot tub, BBQ area, meeting room, and ample guest parking, enhancing tenant and owner appeal.
Modern Conveniences: The unit includes central HVAC, in-unit laundry, two side-by-side garage parking spaces, and a private balcony, providing essential modern comforts and practicality.

Cons

Limited Bedroom Count: Being a 1-bedroom unit, it caters to a narrower demographic (singles or couples), potentially limiting its resale market or rental pool compared to properties with more bedrooms.
Significant Association Fees: The monthly association fee of $525.0 is a notable ongoing expense that could impact the property's overall profitability for an investor or affordability for an owner-occupant.
Courtyard View: While the property has a view, it is specifically a 'Courtyard' view, which may be less appealing or command a lower premium than direct ocean, marina, or city skyline views typically sought after in a coastal penthouse.

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