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

3111 Ocean Front Walk, Marina Del Rey, California 90292 home-pic-0
ACTIVE$11,950,000$8,000/sqft
3111 Ocean Front Walk, Marina Del Rey, California 90292
0Bed
0Bath
8,000Sqft
5,039Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unbeatable Coastal Location & Panoramic Views: Situated just steps from Venice Pier and directly on the beach, the property offers unparalleled 270-degree ocean to city views, encompassing the Pacific Ocean, Santa Monica mountains, Venice Pier, and the city skyline from all four levels.
Top Cons:
High Price Point & Niche Market: With a list price of $11.95 million, the property targets a very specific, high-net-worth investor or owner-user, potentially 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 mixed-use property presents a varied condition. While the owner's penthouse features more updated elements like light wood flooring, recessed lighting, and a unique, spacious bathroom with a freestanding tub, some of its custom features (e.g., bathroom vanity design) appear to be from an earlier renovation (15-20 years ago) rather than recent. Crucially, one of the apartment units clearly shows an outdated kitchen with traditional white cabinetry, older countertops, and white appliances, indicating it has not undergone a recent extensive renovation. The property is well-maintained and functional, but the inconsistency in updates across units and the dated elements in the apartment kitchen prevent it from achieving a 'Good' or 'Excellent' rating, suggesting minor updates are required.
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
SB25111556
Home ConditionFair
Features
Excellent View: Marina, Ocean
Deck
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
Fair
Built in 1992, this mixed-use property presents a varied condition. While the owner's penthouse features more updated elements like light wood flooring, recessed lighting, and a unique, spacious bathroom with a freestanding tub, some of its custom features (e.g., bathroom vanity design) appear to be from an earlier renovation (15-20 years ago) rather than recent. Crucially, one of the apartment units clearly shows an outdated kitchen with traditional white cabinetry, older countertops, and white appliances, indicating it has not undergone a recent extensive renovation. The property is well-maintained and functional, but the inconsistency in updates across units and the dated elements in the apartment kitchen prevent it from achieving a 'Good' or 'Excellent' rating, suggesting minor updates are required.
Pros & Cons

Pros

Unbeatable Coastal Location & Panoramic Views: Situated just steps from Venice Pier and directly on the beach, the property offers unparalleled 270-degree ocean to city views, encompassing the Pacific Ocean, Santa Monica mountains, Venice Pier, and the city skyline from all four levels.
Exceptional Mixed-Use Versatility & Income Potential: This iconic mixed-use property combines residential and commercial spaces, offering diverse income streams through two retail units, two ocean-view apartments, and a luxurious penthouse, with potential for boutique hotel, luxury Airbnb, or event hosting.
Luxurious Owner's Penthouse: The expansive 3,800 sq ft owner's penthouse features soaring ceilings, an open floor plan, glass walls framing incredible views, and a unique motorized loft primary bedroom, providing a high-end living experience.
Ample Private Parking: The property includes 11 parking spaces across three garages with private access, a significant advantage in a high-density coastal area, enhancing convenience for residents, commercial tenants, and guests.
Iconic Design & Architectural Presence: Standing 45 feet tall with an iconic design, the property is a distinctive landmark in Marina Del Rey, offering a unique blend of luxury, flexibility, and location.

Cons

High Price Point & Niche Market: With a list price of $11.95 million, the property targets a very specific, high-net-worth investor or owner-user, potentially limiting the pool of prospective buyers.
Operational Complexity: Managing multiple commercial tenants, residential units, and potential short-term rentals or event spaces requires significant operational expertise, time, or the cost of professional management.
Potential for Noise & Privacy Concerns: Its prime location directly on Ocean Front Walk near Venice Pier and its mixed-use nature (commercial, residential, event potential) could lead to increased noise levels and reduced privacy for residential occupants.
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