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3111 Ocean Front Walk 5 Unit Apartment Building £8,847,183 (£1,769,437/Unit) Marina Del Rey, CA 90292

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INVESTMENT HIGHLIGHTS

Steps from the beach/pier
Iconic location and building

Prime beachfront property with ocean views

EXECUTIVE SUMMARY

JUST REDUCED / MOTIVATED SELLER | +/-8,000 SF of Mixed-Use space located footsteps from the Venice Pier. This multi-faceted building provides ample opportunities for residential, commercial, boutique hotel, and Airbnb. Built in 1992, the iconic high-concept architectural beach front asset is a four-story 8,000 SF building that encompasses 5,039 SF of irreplaceable coastal land. Each level offers opportunistic environments which include commercial spaces on Ocean Front Walk, shoreline view apartments, and a split-level penthouse uniquely designed with 270-degree ocean to city views allowing sunrise to sunset experiences from a motorized loft.

3111 Ocean Front Walk_OM_Reduced

PROPERTY FACTS

Price	£8,847,183	Costar Property Class	B
Price Per Unit	£1,769,437	Total Plot Size	0.12 ac
Sale Type	Investment	Property Size	8,000 sq ft
No. Units	5	Average Occupancy	0%
Property Type	Build-to-Rent	No. Floors	4
Property Subtype	Apartment General Retail Shopfront Retail / Residential Office / Residential	Year Built/Renovated	1992/2002
Apartment Style	Mid-Rise	Parking Allocation	1.75/1,000 sq ft
Use Class	C4 - Venice Coastal Zone

Price	£8,847,183
Price Per Unit	£1,769,437
Sale Type	Investment
No. Units	5
Property Type	Build-to-Rent
Property Subtype	Apartment General Retail Shopfront Retail / Residential Office / Residential
Apartment Style	Mid-Rise
Costar Property Class	B
Total Plot Size	0.12 ac
Property Size	8,000 sq ft
Average Occupancy	0%
No. Floors	4
Year Built/Renovated	1992/2002
Parking Allocation	1.75/1,000 sq ft
Use Class	C4 - Venice Coastal Zone