5515 Pacific Avenue 1, Marina Del Rey, California 90292, Marina Del Rey, - bed, bath

home-pic
ACTIVE$2,950,000
5515 Pacific Avenue 1, Marina Del Rey, California 90292
4Beds
4Baths
2,254Sqft
4,547Lot
Year Built
1974
Close
-
List price
$2.95M
Original List price
$3.35M
Price/Sqft
-
HOA
$900
Days on market
-
Sold On
-
MLS number
25524607
Home ConditionGood
Features
Excellent View: Bay, Catalina, Ocean, Water
Deck
ViewBay, Catalina, Ocean, Water

About this home

Welcome to an extraordinary opportunity to reside in one of Marina del Rey's most coveted locations. This rare waterfront townhouse offers an unparalleled lifestyle with breathtaking views of the Pacific Ocean, the main channel, and the enchanting silhouette of Catalina Island in the distance. This completely remodeled unit features four spacious bedrooms and three and a half well-appointed bathrooms. Multiple balconies and an abundance of windows ensure that every room is bathed in natural light and showcases the unobstructed views of yachts and sailboats gliding by - a sight that will never grow old. The open floor plan is complemented by beautiful wide plank wood flooring, central HVAC, laundry inside, and plenty of storage. A large grassy private common area yard is out front - perfect for summer BBQs and relaxing with friends. Situated close to world-class restaurants, shops, and delightful coffee spots, this exclusive Marina del Rey address perfectly blends rarity, luxury, and coastal charm.

Price History

Date
Event
Price
02/19/15
Sold
$1,350,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (79 Listings)
Beds42
98%
Baths42
98%
Square foot2,2541,598
94%
Lot Size4,547122,529
4%
Price$2.95M$1.15M
94%
Price per square foot$1,309$746
91%
Built year19749900991
33%
HOA$900$968.5
38%
Days on market206168
75%
Condition Rating
Good

The property, built in 1974, has been completely remodeled. The description mentions a full remodel, and the images show modern kitchens and bathrooms with updated appliances and fixtures. The wide plank wood flooring and central HVAC also indicate recent updates. While not brand new, the condition appears to be move-in ready with no immediate renovations required.
Pros & Cons

Pros

Waterfront Location: The property boasts a rare waterfront location in Marina del Rey, offering direct access and views of the main channel and Pacific Ocean.
Breathtaking Views: Unobstructed views of the Pacific Ocean, the main channel, and Catalina Island enhance the property's appeal and provide a unique living experience.
Remodeled Interior: The townhouse has been completely remodeled, featuring modern finishes and an open floor plan, making it move-in ready.
Spacious Layout: With four bedrooms and three and a half bathrooms, the property offers ample space for families or those who enjoy having extra room for guests or hobbies.
Desirable Amenities: Features like central HVAC, in-unit laundry, multiple balconies, and a private common area yard add to the comfort and convenience of living in this townhouse.

Cons

Association Fees: The monthly association fee of $900 could be a deterrent for some buyers, adding to the overall cost of ownership.
Year Built: Built in 1974, the property may require ongoing maintenance and potential upgrades compared to newer constructions.
Condominium Restrictions: As a condominium, the property is subject to association rules and regulations, which may limit certain freedoms compared to owning a single-family home.

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