13700 Marina Pointe Drive 618, Marina Del Rey, California 90292, Marina Del Rey, 90292 - 1 bed, 1 bath
ACTIVE$925,000$927/sqft
13700 Marina Pointe Drive 618, Marina Del Rey, California 90292
1Bed
1Bath
927Sqft
124,705Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Luxury Building Amenities: The property is located in a full-service, concierge luxury condominium complex offering extensive amenities including a fitness center, heated saltwater swimming pool, Jacuzzis, BBQ areas, a rooftop social center, and a contemporary art collection, enhancing lifestyle and value.
Top Cons:
High Association Fee: The monthly association fee of $1,104.55 is considerably high, which can significantly impact the overall cost of ownership and may deter some potential buyers.
Compared to the nearby listings
Price:$925.0K vs avg $1.16M ($-230,000)30%
Size:927 sqft vs avg 1,620 sqft12%
Price/sqft:$998 vs avg $74283%
More Insights
Built in 2003 (23 years old).
Condition: Built in 2003, this unit is 21 years old. While the property is well-maintained with desirable features like hardwood floors and stainless steel appliances, the kitchen cabinets and granite countertops, along with the bathroom's finishes, reflect the style of its construction era. These areas are functional and clean but show signs of being aesthetically outdated by current standards, suggesting minor updates would enhance its appeal. The overall building and common areas appear to be in excellent condition, but the unit itself aligns with the 'fair' category due to its age and dated interior styles, despite being move-in ready.
Year Built
2003
Close
-
List price
$925K
Original List price
$925K
Price/Sqft
$998
HOA
$1,104.55
Days on market
-
Sold On
-
MLS number
25580763
Home ConditionFair
Features
Excellent View: Mountain(s)
Pool
Spa
ViewMountain(s)
About this home
Reside or invest in a 1 BR-1BA unit in a luxury condominium complex. Seller is offering 80% financing @ 6.5% simple interest ( with NO pre-payment penalty.) Full service , concierge building with amenities including fitness center, heated salt water swimming pool, Jacuzzis@, BBQ's roof -top social center, magnificent contemporary art collection. Unit is elegantly appointed with hardwood floors and floor to ceiling windows. Near shopping , movie theaters and excellent restaurants. Convenient access to LAX and other locations. Owner occupancy or excellent investment opportunity. ( solid existing month to month tenant).
I
Ian Brooks
Listing Agent
Nearby schools
8/10
Coeur D'Alene Avenue Elementary School
Public,•K-5•0.6mi
8/10
Playa Del Rey Elementary School
Public,•K-5•2.1mi
2/10
Marina Del Rey Middle School
Public,•6-8•1.3mi
6/10
Venice Senior High School
Public,•9-12•1.0mi
Price History
Date
Event
Price
11/16/17
Sold
$735,000
10/29/13
Sold
$470,000
02/15/06
Sold
$425,000
Condition Rating
Fair
Built in 2003, this unit is 21 years old. While the property is well-maintained with desirable features like hardwood floors and stainless steel appliances, the kitchen cabinets and granite countertops, along with the bathroom's finishes, reflect the style of its construction era. These areas are functional and clean but show signs of being aesthetically outdated by current standards, suggesting minor updates would enhance its appeal. The overall building and common areas appear to be in excellent condition, but the unit itself aligns with the 'fair' category due to its age and dated interior styles, despite being move-in ready.
Pros & Cons
Pros
Luxury Building Amenities: The property is located in a full-service, concierge luxury condominium complex offering extensive amenities including a fitness center, heated saltwater swimming pool, Jacuzzis, BBQ areas, a rooftop social center, and a contemporary art collection, enhancing lifestyle and value.
Attractive Seller Financing: A significant advantage is the seller's offer of 80% financing at 6.5% simple interest with no pre-payment penalty, making the property highly accessible and financially appealing to a broader range of buyers in the current market.
Prime Location & Accessibility: Situated in Marina Del Rey, the unit boasts excellent proximity to shopping, movie theaters, and fine restaurants, along with convenient access to LAX and other key locations, offering a desirable urban coastal lifestyle.
Elegant Unit Appointments: The unit itself is elegantly appointed with desirable features such as hardwood floors and floor-to-ceiling windows, contributing to a modern, bright, and sophisticated living space.
Investment Opportunity with Existing Tenant: The property presents a solid investment opportunity with a reliable existing month-to-month tenant, providing immediate rental income and flexibility for either owner occupancy or continued investment.
Cons
High Association Fee: The monthly association fee of $1,104.55 is considerably high, which can significantly impact the overall cost of ownership and may deter some potential buyers.
Limited Unit Configuration: As a 1-bedroom, 1-bathroom unit, its appeal is limited to singles or couples, potentially narrowing the buyer pool compared to properties with more bedrooms suitable for families or those requiring additional space.
Non-Premium View for Location: While the property has a view, it is specified as 'Mountain(s)'. In a Marina Del Rey location, buyers often seek premium ocean or marina views, making a mountain view less desirable or commanding a lower premium by comparison.