
Marina Del Rey, California 90292
Analysis of 3906 Pacific Avenue, Marina Del Rey, California 90292 is currently available with a list price of $2,950,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Property is move-in ready.
Although originally built in 1966, the property features high-quality recent renovations in at least one unit, including modern white shaker cabinetry, quartz countertops, and contemporary tile work in the bathrooms. The interiors are well-maintained and move-in ready; however, the exterior shows some minor stucco wear and the use of portable AC units suggests older or limited central HVAC systems.
Situated just steps from the beach, Venice Canals, and Abbott Kinney, the property occupies a highly coveted position in one of Los Angeles' most supply-constrained coastal pockets.
The sale includes in-process plans to legalize a fourth unit and add two ADUs, providing a strategic path to increase the total count to six units and maximize rental yield.
Known as the 'Iconic Boat House,' the building's recognizable design and signature boat deck offer unique character and high visibility that enhance its long-term desirability.
The fourth unit is currently unpermitted, which may complicate traditional financing and requires the new owner to navigate the completion of the legalization process.
Built in 1966, the property may require significant ongoing maintenance or capital improvements to systems and the exterior to mitigate the effects of the coastal environment.
Welcome Aboard! The Iconic Boat House of the Marina Peninsula is one of the most recognizable buildings on the sand side of Marina del Rey, just steps from the beach, the Venice Canals, and Abbott Kinney. This triplex lives like a fourplex. Unit 1 anchors the first floor with 2 beds, 2 baths, and approximately 1,063 square feet opening to a large wraparound patio and the building's signature boat deck. Unit 2 is a recently remodeled 1 bed, 1 bath of approximately 750 square feet. Unit 3 offers a spacious 2 bed, 2 bath layout with in-unit laundry across approximately 995 square feet and its own one-car garage. The fourth unit, an unpermitted studio of approximately 388 square feet with a kitchenette, private bath, and its own balcony, is delivered vacant. Ample parking, a storage room, and separately metered electricity and water round out the building. Plans are in process with the city to legalize the fourth unit under AB 2533, convert the garage and storage into an attached two-bedroom ADU, and add a detached two-story ADU with its own rooftop deck, creating a path to six total units in one of LA's most supply-constrained coastal pockets. A new owner inherits months of Coastal-zone entitlement progress instead of starting from scratch. The timing is bigger than the building: Venice Beach will serve as an official 2028 Olympic venue, hosting the triathlon along with the marathon and road cycling starts, minutes from this address. Rent roll, plans, and permit status available upon request.
No exterior & parking available.
No sensitive facilities data found.
Jul 22, 2026
$2,950,000
Initial Listing
Sep 8, 2023
$2,360,000
Public Record
Mar 29, 2011
$1,510,000
Public Record
Jun 1, 2005
$1,333,000
Public Record
Oct 18, 2002
$999,000
Public Record