Sold
Last Sold Price
5 beds4 baths2,421 sqft

6401 Ocean Front Walk, Playa del Rey, CA 90293

Multi FamilyProperty Type
0.06 acresLot Size
1965Year Built
$1,833/sq ftPrice per sq ft
2 carsParking Spaces

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...(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.
  • Listed by: Andrew Malekie DRE #02153774 Brokerage DRE #01237359 • Link Brokerages
  • Listed by: Coby Chatwin DRE #01998822 Brokerage DRE #01237359 • Link Brokerages
Listing closed: 07/15/2024 12:00 AM • Source: CLAW, MLS#: 24-373473
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Location

Listing Courtesy of Link Brokerages, Andrew Malekie, DRE #02153774; Link Brokerages, Coby Chatwin, DRE #01998822

Sold By Link Brokerages, Coby Chatwin, DRE #01998822

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Principal and Interest

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Property Taxes

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Property Information for 6401 Ocean Front Walk

Property Details

  • MLS Type: Residential Income
  • Water Front: Ocean
  • Zoning: LAR3
  • Parcel Number: 4116002025
  • Total Units: 2.0
  • Living Area: 2421
  • Source Living Area: Vendor Enhanced
  • Area: Playa Del Rey (C31)
  • Vacancy Rate: 100
  • Lot Size Area: 2551
  • Source Lot Size Area: Vendor Enhanced
  • Assessor Parcel Number: 4116-002-025
  • Directions: On Ocean Front Walk
  • Map Coordinate: -118.45275, 33.96098

Building Information

  • Stories: 2
  • Year Built: 1965
  • Lot Size: 0.06 AC / 2,551 SF

Community / Development

Community / Development
  • Number Of Units: 2
  • Senior Community: No

Structure Info

Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
  • View: Yes
  • View Description: Ocean
  • View: Ocean
  • Direction Faces: West
  • Water Heaters: Yes
  • Additions Alterations: Yes
  • Water Heater Features: Gas

Contract Info

Contract Info
  • Disclosures: As Is, Coastal Commission Restrictions, Concurrent Close, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service

Income & Expenses Information

Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $210,000
  • Net Operating Income: $142,225.00
  • Gross Income: $210,000
  • Gross Scheduled Income: $210,000
  • Cap Rate: 3.00%
  • Gross Rent Multiplier: $22.62
  • Total Annual Expense: 67775

Land / Lot Info

Land / Lot Info
  • Lot Acreage: 0.0586
  • Lot Size Square Feet: 2551
  • Lot Location: Beach Front, Beach Access, Ocean Front, Ocean Access

Parking Details

Parking Details
  • Parking Garage: Garage - 2 Car, Garage Is Attached, On street
  • Total Parking: 2
  • Parking Features: Garage - Two Door, Street
  • Attached Garage: Yes

Interior Features

Interior Features
  • Levels: Two
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: None
  • Cooling Type: None
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Laundry: Garage

Exterior Features

Exterior Features
  • Roof: Flat, Rock
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None

Lease Terms

Lease Terms
  • Entry Date: 04-03-2024
  • Rent Control: Yes

Unit Details

Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107

Tax and Assessed Info

Tax and Assessed Info
  • Assessed Improvement Value: $444,798.00
  • Assessed Improvement Percent: 39.71
  • Assessed Land Value: $675,421.00
  • Assessed Land Percent: 60.29
  • Assessed Total Value: $1,120,219.00

Property History for 6401 Ocean Front Walk

DateEvent & SourcePriceAppreciation
Jul 15, 2024

Sold

CRMLS #24373473

$4,437,000—
Jul 15, 2024

Sold

SDMLS #24-373473

$4,437,000—
Jul 15, 2024

Sold

CLAW #24-373473

$4,437,000—
DateEvent & SourcePrice
07/15/2024

Sold

CRMLS #24373473

$4,437,000
07/15/2024

Sold

SDMLS #24-373473

$4,437,000
07/15/2024

Sold

CLAW #24-373473

$4,437,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

6401 Ocean Front Walk

Baths

4

Total Finished SqFt

2,421 SqFt

Above Grade Finished SqFt

2,421 SqFt

Stories

2

Lot Size

2,551 SqFt

Style

Duplex

Schools near 6401 Ocean Front Walk

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - 6 to 8
Rating
School
Distance
Loyola Village Elementary School
PublicK to 5

Kentwood Elementary School
PublicK to 5

Paseo Del Rey Natural Science Magnet
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Link Brokerages, Andrew Malekie, DRE #02153774; Link Brokerages, Coby Chatwin, DRE #01998822

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.