3116 Stanford Avenue, Marina Del Rey, California 90292 home-pic-0

ACTIVE$2,099,000$3,297/sqft

Est. Value: $1,772,924

-15%

AboveEstimate

3116 Stanford Avenue, Marina Del Rey, California 90292

5Beds

5Baths

3,297Sqft

4,017Lot

Price Vs. Estimate

The estimated value ($1,772,923.815) is $326,076.185 (15%) lower than the list price ($2,099,000). This property may be overpriced.

Key pros and cons

Top Pros:

Prime Location: Situated in Marina del Rey's highly desirable Oxford Triangle neighborhood, offering excellent lifestyle and investment potential.

Top Cons:

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4017, living area = 3297.

Compared to the nearby listings

Price:$2.10M vs avg $3.00M ($-896,000)37%

Size:3,297 sqft vs avg 3,256 sqft53%

Price/sqft:$637 vs avg $1.0K16%

More Insights

Built in 1927 (99 years old).

Condition: The property, built in 1927, is explicitly listed as a 'shovel-ready project' requiring a 'Major Remodel' with 'RTI Plans' for a reimagined residence. The provided image is a rendering of the proposed future state, not the current condition. Given the age of the original structure and the necessity for extensive renovation, it is inferred that the existing kitchen, bathrooms, and major systems are severely outdated, likely in disrepair, or non-functional, requiring substantial rehabilitation. This aligns with the 'Poor' condition criteria, indicating significant repairs and rehabilitation are needed before it can be comfortably lived in.

Year Built

1927

List price

$2.1M

Original List price

$2.3M

Price/Sqft

$637

HOA

Days on market

Sold On

MLS number

25549121

Home ConditionPoor

Features

Deck

View-

About this home

Rare Opportunity in Marina del Rey's Oxford Triangle to create your dream home with RTI Plans for permitted ADU & Major Remodel for a beautifully reimagined Spanish-style residence, blending timeless architectural charm with modern upgrades. The plans include a thoughtful layout designed with 5 bedrooms and 4.5 bathrooms, with four bedrooms upstairs, including a large primary suite that spans the entire width of the second floor, and one guest bedroom with en-suite bath downstairs. Wisely drafted with functional spaces and ample storage, this property lends itself to any lifestyle. This home seamlessly transitions from outside to indoors, while maintaining defined spaces, such as the 1br/1ba ADU with rooftop deck. Whether you're an end user or an investor looking for a shovel-ready project, this is an exceptional opportunity to create something special in one of the area's most desirable neighborhoods, the Oxford Triangle. Please note, the house will be RTI but the ADU drawings will be fully complete and ready to submit. The total sf between the house (2,691) and ADU (606) is 3,297 sf.

Alison Mac Cracken

Listing Agent

Price History

Date

Event

Price

02/25/25

Sold

$1,600,000

Condition Rating

Poor

The property, built in 1927, is explicitly listed as a 'shovel-ready project' requiring a 'Major Remodel' with 'RTI Plans' for a reimagined residence. The provided image is a rendering of the proposed future state, not the current condition. Given the age of the original structure and the necessity for extensive renovation, it is inferred that the existing kitchen, bathrooms, and major systems are severely outdated, likely in disrepair, or non-functional, requiring substantial rehabilitation. This aligns with the 'Poor' condition criteria, indicating significant repairs and rehabilitation are needed before it can be comfortably lived in.

Pros & Cons

Pros

Prime Location: Situated in Marina del Rey's highly desirable Oxford Triangle neighborhood, offering excellent lifestyle and investment potential.

Approved Development Plans (RTI): Comes with 'RTI Plans for permitted ADU & Major Remodel,' significantly streamlining the renovation process and saving the buyer considerable time and effort.

Income/Flexibility Potential: The planned 1-bedroom/1-bath ADU with a rooftop deck provides excellent potential for rental income or flexible multi-generational living arrangements.

Spacious & Modern Layout (Planned): The proposed design features a generous 5 bedrooms, 4.5 bathrooms, and 3,297 sqft (including ADU), with a thoughtful layout and a large primary suite.

Architectural Vision: The project aims to create a 'beautifully reimagined Spanish-style residence,' blending timeless charm with modern upgrades, appealing to discerning buyers.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4017, living area = 3297.

Recently Sold Property: The property was recently sold within the past year on 2025-02-25. The sold price is $1,600,000.00.

Extensive Renovation Required: This is a 'shovel-ready project' requiring a 'Major Remodel,' meaning significant additional capital investment and time beyond the purchase price for completion.

Valuation Discrepancy: The property's estimated value ($1.77M) is notably lower than the current list price ($2.099M), suggesting potential overpricing for its current 'as-is' condition.

Age of Original Structure: Built in 1927, the existing structure is very old, which could potentially lead to unforeseen structural or foundational issues during the extensive renovation, despite approved plans.

3116 Stanford Avenue, Marina Del Rey, California 90292, Marina Del Rey, 90292 - 5 bed, 5 bath