3111 Ocean Front Walk, Marina Del Rey, California 90292, Marina Del Rey, 90292 - 5 bed, 9 bath

3111 Ocean Front Walk, Marina Del Rey, California 90292 home-pic-0

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Mixed-Use Investment: This iconic property seamlessly blends residential and commercial spaces, offering diverse income streams from retail, apartments, and a luxury penthouse, maximizing investment potential.
Top Cons:
Exclusivity of Price Point: The nearly $12 million asking price targets a very niche market, potentially leading to a longer sales cycle and limiting the pool of prospective buyers.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1992 (34 years old).
Condition: Built in 1992, this property features a stunning owner's penthouse that appears to have undergone extensive, high-quality modern renovations within the last 5-10 years, showcasing contemporary flooring, recessed lighting, open-concept design, and stylish bathroom fixtures. While the penthouse areas are near excellent, other residential units (as seen in Image 6) present well-maintained but slightly older finishes in their kitchens and general living spaces, likely renovated 10-20 years ago. Overall, the property is move-in ready with no immediate renovations required, and its major systems appear functional and well-maintained, aligning with a 'Good' condition rating.
Year Built
1992
Close
-
List price
$11.95M
Original List price
$12.68M
Price/Sqft
$1,494
HOA
-
Days on market
-
Sold On
-
MLS number
SB25068190
Home ConditionGood
Features
Excellent View: Marina, Ocean
ViewMarina, Ocean

About this home

Welcome to this stunning coastal property located just steps from Venice Pier in one of Los Angeles’s most desirable areas. This iconic mixed-use property blends residential and commercial spaces, offering incredible investment potential. Spanning nearly 8,000 square feet across four levels, the property boasts expansive views, luxurious living, and commercial flexibility. Enjoy 270-degree ocean to city views, Pacific Ocean, Santa Monica mountains, Venice Pier, and the city skyline. At 45 feet tall, each level offers breathtaking panoramic views, providing the perfect backdrop for a dream lifestyle. The ground level features two commercial retail spaces totaling 1,400 square feet, ideal for high-traffic businesses, event rentals, or creative spaces. The second level offers two ocean-view 2-bedroom, 2-bathroom apartments, each nearly 1,400 square feet, combining luxury living with prime real estate investment. At the top, the owner’s penthouse spans 3,800 square feet, with soaring ceilings, an open floor plan, and glass walls framing incredible views from the Santa Monica mountains to the Pacific Ocean. In addition, experience sunrise to sunset views from a unique motorized loft currently being utilized as the primary bedroom. This property offers endless opportunities, whether as a boutique hotel, luxury Airbnb, or residence with office space. With flexible options for residential leasing, commercial ventures, and event hosting, it’s primed for substantial income generation. The property holds the potential for transformation into a consistent income generator. The building includes 11 parking spaces across three garages with private access, adding convenience for tenants, guests, and businesses. Outdoor space is plentiful, ideal for additional lifestyle features or enhancing event-hosting potential. Located on the beach, world-class dining, shopping, and outdoor activities, this property offers an unbeatable coastal lifestyle and provides endless opportunities in one of Los Angeles’s most coveted locations. With its iconic design, breathtaking views, and versatile possibilities, this property stands as one of the most exceptional investment opportunities. Seize the chance to own this coastal gem and unlock its full potential. With its unique blend of luxury, flexibility, and location, this is truly a one-of-a-kind opportunity!

J
John Sullivan
Listing Agent

Price History

Date
Event
Price
04/04/02
Sold
$2,370,000
Condition Rating
Good

Built in 1992, this property features a stunning owner's penthouse that appears to have undergone extensive, high-quality modern renovations within the last 5-10 years, showcasing contemporary flooring, recessed lighting, open-concept design, and stylish bathroom fixtures. While the penthouse areas are near excellent, other residential units (as seen in Image 6) present well-maintained but slightly older finishes in their kitchens and general living spaces, likely renovated 10-20 years ago. Overall, the property is move-in ready with no immediate renovations required, and its major systems appear functional and well-maintained, aligning with a 'Good' condition rating.
Pros & Cons

Pros

Cons

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