6405 Ocean Front Walk

Playa del Rey, CA 90293

$4,263,000
Last Sold Price
5
Beds
4
Baths
2,421 Sq. Ft.
$1,761 / Sq. Ft.
2,421
Sq. Ft.
$1,761
per Sq. Ft.

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.
  1. Listed by Andrew Malekie • DRE #02153774 • Brokerage DRE #01237359 • Link Brokerages
  2. Listed by Coby Chatwin • DRE #01998822 • Brokerage DRE #01237359 • Link Brokerages

Property Details for 6405 Ocean Front Walk

Water Front
Ocean
Zoning
LAR3
Parcel Number
4116002026
Total Units
2.0
Living Area
2421
Source Living Area
Vendor Enhanced
Area
Playa Del Rey (C31)
Vacancy Rate
100
LISTING UPDATED: 07/15/2024 07:06 PM

Property Details for 6405 Ocean Front Walk

StatusSold
MLS #24-373493
Days on Market61
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.06 AC / 2,551 SF
CountyLos Angeles County

Building Information for 6405 Ocean Front Walk

Stories2Residences-Year Built1965Building Size-Lot Size0.06 AC / 2,551 SF

Property Information for 6405 Ocean Front Walk

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, Rent Control, Concurrent Close
  • 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
  • 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, On street
  • Total Parking: 2
  • Parking Features: Garage - Two Door, Street
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Central
  • Heating Type: Central
  • Equipment: Garbage Disposal, Microwave, Range/Oven, Dishwasher
  • Laundry: Garage
Exterior Features
Exterior Features
  • Roof: Flat, Rock
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-03-2024
  • Rent Control: Yes
  • Rent Control: 100
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: $441,605.00
  • Assessed Improvement Percent: 39.42
  • Assessed Land Value: $678,619.00
  • Assessed Land Percent: 60.58
  • Assessed Total Value: $1,120,224.00

Property History for 6405 Ocean Front Walk

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 6405 Ocean Front Walk

Taxable ValueLand$692,191Additions$451,197Total$1,143,388
Tax Record2024$13,996 ($1,166 / month)
Home Facts
Total Finished SqFt2,421 SqFtAbove Grade Finished SqFt2,421 SqFtLot Size2,551 SqFtStyleDuplexYear Built1965ZoningLAR3CountyLOS ANGELESAPN4116-002-026

Schools near 6405 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes 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.