31 Spinnaker Street 15, Marina Del Rey, California 90292, Marina Del Rey, 90292 - 3 bed, 3 bath
31 Spinnaker Street 15
Marina Del Rey, California 90292
Property Price
SUMMARY
Analysis of 31 Spinnaker Street 15, Marina Del Rey, California 90292 is currently available with a list price of $1,675,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Marina Del Rey Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1967, the property maintains its Mid-Century Modern charm and is generally well-kept. While some areas like the studio kitchenette and one bathroom shower appear recently updated, the main kitchen features wood cabinets and granite countertops that suggest an update 15-25 years ago, making it functional but stylistically dated. Other bathrooms also show signs of older updates. The property is move-in ready but would benefit from minor cosmetic updates to bring all areas to a consistent, modern standard, and major systems may require attention due to the property's age.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated on a quaint walk street on the Marina Del Rey peninsula, offering direct access 'steps to the sand' and minutes away from iconic attractions like Venice Pier, canals, Washington Square, and Abbot Kinney shops and restaurants.
- Exceptional Outdoor Living & Views
Features an ocean view balcony and a private rooftop deck for the front unit, plus a private balcony for the back studio, providing multiple opportunities to enjoy canal, neighborhood, ocean, and water views.
- Unique Dual-Residence Potential
This combined two-unit condo offers significant flexibility with a front corner unit (2 beds/2 baths) and a separate back studio, ideal for rental income, guest quarters, or multi-generational living.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1502, other record living area = 1337. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Substantial Monthly Association Fee
The $828.0 monthly association fee is a significant ongoing expense that can impact overall affordability and cash flow for potential buyers.
- Age-Related Maintenance & Updates
Built in 1967, the property may require investment in updating major systems (e.g., plumbing, electrical, HVAC) and potentially some interior finishes to meet modern standards or preferences, as no comprehensive renovations are specified.
About 31 Spinnaker Street 15
On a quaint walk street half way down the Marina Del Rey peninsula, sits a two unit Mid Century Modern condo. The front corner unit delivers an abundance of natural light, a vaulted wood planked ceiling w/ fireplace, two bedrooms + two baths, an ocean view balcony and a rooftop deck! The back studio comes with a private balcony and onsite parking This combined condo delivers over 1500 SQFT of 3 bedrooms + 3 baths with 3 garage parking spots steps to the sand and minutes away from the Venice Pier, canals, Washington square + Abbot Kinney shops and restaurants! These unique beach community opportunities don't come along often.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1967
- Lot Size
- 17,868 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $828.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 76% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 1,502 | 1,582 | 42% |
| Lot Size | 17,868 | 39,570 | 36% |
| Price | $1.68M | $1.17M | 85% |
| Price per sq ft | $1.1K | $757 | 90% |
| Built year | 1967 | 1980 | 9% |
| HOA | $828.0 | $971 | 39% |
| Days on market | 38 | 180 | 3% |
Pricing History
Listed for Sale
Jan 27, 2026
$1,675,000
Initial Listing
Sold
Apr 14, 2006
$560,000
Public Record
Sold
Apr 14, 2006
$280,000
Public Record