25 Spinnaker St 12, Marina Del Rey, California 90292, Marina Del Rey, 90292 - 3 bed, 3 bath
Loading property details...
25 Spinnaker St 12
Marina Del Rey, California 90292
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,446Sq Ft
0Lot Size
Property Price
LIST PRICE$1,800,000
EST. MARKET VALUE
$1,740,574
3% AboveMARKET VALUE
SUMMARY
This Coastal Condominium is a Strong Value Opportunity, listed at $1,800,000—positioned slightly above the $1,786,488 Fair Market Value. While priced at market, the property features a Condition Rating of 2, showcasing a recent contemporary renovation. The residence offers a unique layout with a versatile loft and separate studio, providing significant income potential. With panoramic channel and beach views and a private sundeck, this home is an ideal fit for Buy-and-Hold Investors seeking rental demand or Owner-Occupants desiring a premium coastal lifestyle.
Estimated Market Value
$1,740,574
Based on Realkey algorithm analyzing recent comparable sales in Marina Del Rey.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 25 Spinnaker St 12 Subject 3 bd · 3 ba · 1,446 sqft · $1,204 | $1,800,000* List Price | 3 | 3 | 1,446 | $1,204 | - |
A 6 Voyage Street 204 Sold 3 bd · 2 ba · 1,186 sqft · $1,476 · 0.2 mi | $1,750,000 | 3 | 2 | 1,186 | $1,476 | 0.2 mi |
B 16 Quarterdeck Street 301 Sold 2 bd · 2 ba · 1,157 sqft · $1,404 · 0.1 mi | $1,624,150 | 2 | 2 | 1,157 | $1,404 | 0.1 mi |
C 32 Galleon Street Sold 3 bd · 3 ba · 1,601 sqft · $1,234 · 0.5 mi | $1,975,000 | 3 | 3 | 1,601 | $1,234 | 0.5 mi |
D 34 Buccaneer Street 1a Active 3 bd · 3 ba · 1,509 sqft · $1,192 · 0.7 mi | $1,799,000 List Price | 3 | 3 | 1,509 | $1,192 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1967, the property has been recently renovated with a contemporary refresh. It features mint-condition hardwood floors, updated modern bathroom fixtures, and a well-maintained exterior deck, meeting the criteria for a recent renovation under 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated just steps from the Marina Peninsula Beach and minutes from Abbot Kinney, this property offers an elite coastal lifestyle in one of Los Angeles' most coveted neighborhoods.
- Flexible Layout & Income Potential
The inclusion of a versatile loft and a separate studio with its own private entrance provides exceptional flexibility for a home office, guest quarters, or potential rental income.
- Modernized Architectural Character
The residence masterfully blends mid-century architectural charm with a high-end contemporary renovation, featuring hardwood floors and abundant natural light throughout.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $838 per month is relatively high, which may impact the overall affordability and debt-to-income ratio for prospective buyers.
- Aging Infrastructure
Originally constructed in 1967, the building may lack some modern conveniences found in newer developments and could require ongoing maintenance typical of older coastal structures.
About 25 Spinnaker St 12
Discover a distinctive coastal property on Marina Peninsula, just steps from the beach! This unique offering features two separate living spaces, each with its own private entrance, plus a two-car attached garage—a valuable feature in this sought-after beachside location. The main residence offers 2 bedrooms and 2 bathrooms, plus an exceptionally large loft that provides flexible space for a home office, creative studio, or additional living area. The loft opens onto a private sundeck with Pacific Ocean views, creating a special place to relax and enjoy the coastal setting. A separate 1-bedroom, 1-bathroom studio adds versatility and rental income potential. Both spaces are currently rented, generating a combined $9,000 per month ($108,000 annually) in gross rental income. Monthly HOA dues are approximately $838. Rental income is gross and does not account for property taxes, insurance, maintenance, vacancy, or other expenses; buyers should independently verify rents, leases, HOA dues, and property details. Hardwood floors, abundant natural light, and modern updates complement the property's character. A new roof and fresh exterior paint are currently in progress and have not yet been completed. Enjoy convenient access to the beach, coastal recreation, restaurants, shopping, Venice Beach, and Abbot Kinney Boulevard. A rare opportunity to enjoy a flexible coastal property with ocean-view outdoor space, private parking, and current rental income. **RENTAL INCOME AND PROPERTY DETAILS** The property currently generates reported gross rental income of $6,500 per month from the 2-bedroom, 2-bathroom residence and $2,500 per month from the separate 1-bedroom, 1-bathroom studio, totaling $9,000 monthly ($108,000 annually). Monthly HOA dues are approximately $838 ($10,056 annually). After HOA dues alone, $97,944 in annual rental income remains, before property taxes, insurance, maintenance, utilities, vacancy, and other expenses. This is not net operating income or profit. A new roof and fresh exterior paint are currently in progress and have not yet been completed. Buyers are advised to independently verify rental amounts, lease terms, HOA dues, property expenses, square footage, and all property information to their satisfaction.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1967
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $838.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,446 | 1,480.542 |
| Lot Size | - | 99,079.833 |
| Price | $1.80M | $1.17M |
| Price per sq ft | $1.2K | $784 |
| Built year | 1967 | 1991 |
| HOA | $838.0 | $947 |
| Days on market | 59 | 71 |
Pricing History
Listed for Sale
Aug 26, 2026
$1,800,000
Initial Listing
Sold
Aug 18, 2023
$1,595,000
Public Record
Sold
Sep 4, 2015
$1,260,000
Public Record
Sold
May 5, 2010
$1,000,000
Public Record
Sold
Sep 28, 2001
$547,500
Public Record
Sold
Aug 6, 1997
$325,000
Public Record