7029 Trolleyway South

Playa del Rey, CA 90293

$4,635,150
Price
5
Beds
5
Baths
2,454 Sq. Ft.
$1,889 / Sq. Ft.
2,454
Sq. Ft.
$1,889
per Sq. Ft.

Description

This property offers direct beach access, allowing you to step right onto the sand from your front door, ensuring an authentic beach lifestyle. It boasts unobstructed ocean views stretching from Palos Verdes to Malibu, visible from the two front units. In 2016, the property underwent a coastal-inspired renovation, which introduced modern style and comfort. Each front unit has its own private patio or deck to enjoy the ocean views. Additionally, the property is close to a 22-mile shoreline bike path,...This property offers direct beach access, allowing you to step right onto the sand from your front door, ensuring an authentic beach lifestyle. It boasts unobstructed ocean views stretching from Palos Verdes to Malibu, visible from the two front units. In 2016, the property underwent a coastal-inspired renovation, which introduced modern style and comfort. Each front unit has its own private patio or deck to enjoy the ocean views. Additionally, the property is close to a 22-mile shoreline bike path, volleyball courts, shopping, and dining. The front units feature an open floor plan with views of the ocean, and Unit 3 is a top-floor studio apartment. There are six parking spaces available, including two garages and four driveway spaces. Opportunity: This property is a rare find on the market, as it has not been available for almost 60 years. It is ideal for investors or those seeking a personal beachfront retreat. This multi-family property offers a mix of comfort, style, and unbeatable ocean views. Don't miss out on this exceptional opportunity to own a piece of paradise in a sought-after location, perfect for year-round sunbathing and entertaining. The property has outdoor and indoor stairs, making it a exceptional opportunity to convert to a single family home.
  1. Listed by Michael Earley • DRE #00877967 • Brokerage DRE #01022642 • eXp Realty of California Inc

Property Details for 7029 Trolleyway South

Water Front
Ocean
Zoning
LAR3
Style
Traditional
Cross Streets
Reese
Accessibility Features
None
Parcel Number
4116033047
Total Units
3.0
Living Area
2454

Location

Listing Courtesy of eXp Realty of California Inc, Michael Earley, DRE #00877967
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LISTING UPDATED: 04/24/2024 10:44 AM

Property Details for 7029 Trolleyway South

StatusActive
MLS #24-372807
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.07 AC / 3,086 SF
CountyLos Angeles County

Location

Listing Courtesy of eXp Realty of California Inc, Michael Earley, DRE #00877967
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Virtual Tour

Building Information for 7029 Trolleyway South

Stories3Residences-Year Built1956Building Size-Lot Size0.07 AC / 3,086 SF

Payment Calculator

$25,565 per month

30 year fixed, 7.25% Interest

Principal and Interest

$25,296

Property Taxes

$269

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7029 Trolleyway South

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Rental
  • View: Yes
  • View Description: Ocean
  • View: Ocean
  • Security Features: None
  • Direction Faces: West
  • Property Condition: Repair Cosmetic, Value Mainly In Land, Updated/Remodeled
  • Water: In Street, Meter on Property
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Water Heater Features: Gas
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan, Owner May Carry, Exchange Up
  • Disclosures: Coastal Zone, Coastal Commission Restrictions, Rent Control, Owner Has R.E. License, Flood Zone
  • Listing Type: Exclusive Right With Exception
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $93,600
  • Net Operating Income: $84,537.00
  • Gross Income: $93,600
  • Gross Rent Multiplier: $26.10
  • Actual Annual Gross Rent: $93,600.00
  • Total Annual Expense: 9063
  • Tax Expense: $3,225
  • Insurance Expense: $5,838
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0708
  • Lot Size Square Feet: 3086
  • Lot Features: Value In Land
  • Lot Description: Value In Land
  • Lot Location: Beach Front, Ocean Access, Ocean Front, Near Public Transit
Parking Details
Parking Details
  • Parking Garage: Assigned, Driveway
  • Total Parking: 6
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 2
  • Parking Features: Assigned, Driveway
Interior Features
Interior Features
  • Rooms: Breakfast Area
  • Levels: Two
  • Fireplace Features: Gas, Kitchen, Living Room, Primary Bedroom, Patio
  • Fireplace Rooms: Gas, Kitchen, Living Room, Master Bedroom, Patio
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Flooring: Laminate, Ceramic Tile, Tile
  • Equipment: Ceiling Fan, Dryer, Garbage Disposal, Gas Dryer Hookup, Range/Oven, Refrigerator, Stackable W/D Hookup, Washer
  • Interior Features: High Ceilings (9 Feet+), Laundry - Closet Stacked, Living Room Balcony, Living Room Deck Attached
  • Kitchen Features: Quartz Counters
  • Room Bathroom Features: Shower in Tub, Low Flow Shower, Tile Counters
  • Bathroom Features: Shower and Tub, Low Flow Shower(s), Tile
  • Bedroom Features: Master Bedroom
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Free Standing Gas
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Disability Access: None
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Sprinklers: None
  • Patio Features: Balcony, Concrete Slab, Covered Porch, Deck(s), Living Room Balcony, Living Room Deck Attached, Patio Open, Other - See Remarks
  • Entry Location: Living Room
  • Windows: Double Pane Windows, Mini Blinds
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structural Features: Balcony, High Ceilings (9 Feet+)
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-28-2024
  • Listing Terms: Cash To Existing Loan, Exchange Up, Exchange/Trade, Owner May Carry, Standard Sale
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $6,300.00
  • Unit Actual Rent: $6,300.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $7,000.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Carpet: 0
  • Number of Dishwasher: 2
  • Number of Disposal: 2
  • Number Leased: 2
  • Number Patio: 1
  • Number Range: 2
  • Number Refrigerator: 2
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $65,321.00
  • Assessed Improvement Percent: 26.78
  • Assessed Land Value: $178,598.00
  • Assessed Land Percent: 73.22
  • Assessed Total Value: $243,919.00

Property History for 7029 Trolleyway South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 7029 Trolleyway South

Taxable ValueLand$178,598Additions$65,321Total$243,919
Tax Record2023$3,224 ($269 / month)
Home Facts
Total Finished SqFt2,454 SqFtAbove Grade Finished SqFt2,454 SqFtLot Size3,086 SqFtStyleDuplexYear Built1956ZoningLAR3CountyLOS ANGELESAPN4116-033-047

Schools near 7029 Trolleyway South

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
Kentwood Elementary School
PublicK to 5

Paseo Del Rey Natural Science Magnet
PublicK to 5

Loyola Village Elementary School
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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7029 Trolleyway South is a multi-family home for sale in Playa del Rey, CA 90293. This property was listed for sale on March 28, 2024 by eXp Realty of California Inc, it's currently listed at $4,635,150. It has been on the market for a total of 35 days and was last sold on July 25, 2008. This listing's school district is Los Angeles Unified School District. Nearby schools include Kentwood Elementary School, Paseo Del Rey Natural Science Magnet and Loyola Village Elementary School. 7029 Trolleyway South is a 5-bed, 5-bath, 2,454 sqft multi-family home built in 1956.

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. 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 eXp Realty of California Inc, Michael Earley, DRE #00877967

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.