5515 Pacific Avenue 1, Marina Del Rey, California 90292, Marina Del Rey, 90292 - 4 bed, 4 bath

5515 Pacific Avenue 1, Marina Del Rey, California 90292 home-pic-0
ACTIVE$2,950,000
5515 Pacific Avenue 1, Marina Del Rey, California 90292
4Beds
4Baths
2,254Sqft
4,547Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unrivaled Waterfront Views: The property boasts breathtaking, unobstructed views of the Pacific Ocean, main channel, Catalina Island, and passing yachts, offering an unparalleled coastal living experience.
Top Cons:
Significant Monthly Association Fees: The $900 monthly association fee represents a substantial recurring cost that potential buyers must factor into their budget.

Compared to the nearby listings

Price:$2.95M vs avg $1.16M (+$1,790,000)96%
Size:2,254 sqft vs avg 1,627 sqft89%
Price/sqft:$1.3K vs avg $74293%

More Insights

Built in 1974 (51 years old).
Condition: Despite being built in 1974, the listing explicitly states the unit has been 'completely remodeled' and features a 'Comprehensive Modern Remodel.' The images confirm this with a state-of-the-art kitchen boasting modern flat-panel cabinetry, high-end stainless steel appliances, quartz countertops, and a stylish mosaic backsplash. Bathrooms are equally updated with contemporary vanities, glass-enclosed showers, and modern tiling. Wide plank wood flooring extends throughout the living areas and bedrooms, and recessed lighting is prevalent, indicating a recent and thorough renovation. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance.
Year Built
1974
Close
-
List price
$2.95M
Original List price
$3.35M
Price/Sqft
$1,309
HOA
$900
Days on market
-
Sold On
-
MLS number
25524607
Home ConditionExcellent
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
Condition Rating
Excellent

Despite being built in 1974, the listing explicitly states the unit has been 'completely remodeled' and features a 'Comprehensive Modern Remodel.' The images confirm this with a state-of-the-art kitchen boasting modern flat-panel cabinetry, high-end stainless steel appliances, quartz countertops, and a stylish mosaic backsplash. Bathrooms are equally updated with contemporary vanities, glass-enclosed showers, and modern tiling. Wide plank wood flooring extends throughout the living areas and bedrooms, and recessed lighting is prevalent, indicating a recent and thorough renovation. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Unrivaled Waterfront Views: The property boasts breathtaking, unobstructed views of the Pacific Ocean, main channel, Catalina Island, and passing yachts, offering an unparalleled coastal living experience.
Comprehensive Modern Remodel: The unit has been completely remodeled, featuring wide plank wood flooring, central HVAC, and contemporary finishes, ensuring a move-in ready and luxurious living space.
Prime Marina Del Rey Location: Situated in a highly coveted Marina del Rey address, providing immediate access to world-class restaurants, shops, and coffee spots, enhancing lifestyle convenience.
Spacious & Light-Filled Interior: With four spacious bedrooms, an open floor plan, and abundant windows, the home is designed for comfort, natural light, and showcasing its stunning surroundings.
Private Outdoor & Common Area Amenities: Multiple private balconies and access to a large grassy common area yard offer excellent spaces for outdoor entertaining and relaxation.

Cons

Significant Monthly Association Fees: The $900 monthly association fee represents a substantial recurring cost that potential buyers must factor into their budget.
Building Age: Despite a complete interior remodel, the building was constructed in 1974, which could lead to potential concerns regarding older common area infrastructure or future assessments.
HOA Restrictions: As a condominium/townhouse, ownership comes with HOA rules and regulations that may limit owner autonomy regarding exterior modifications or other lifestyle choices.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state