$1,795,000
PENDING $30K PRICE DROP

116 Rees St Playa Del Rey, CA 90293

Estimated payment $9,571/month

Total Views 2,722
6 Beds
3 Baths
2,328 Sq Ft
$771 Price per Sq Ft

Highlights

  • Ocean Front
  • Beach Access
  • Balcony
  • Kentwood Elementary Rated A-
  • Guest House
  • Built-In Features

About This Home

PRICE REDUCED !!!! Own a Duplex a few Yards from the Beach in Beautiful Playa Del Rey ! ( Ocean is approx 75 Yards away). Top Unit is 4 Bed / (2) Bath which also includes a Separate Studio With Its Own Entrance and A Lower Unit That is 3 Bed (1) Bath. Each Unit has its Own Separate Garage, Upper unit has a large Balcony ,and Lower Unit has Big Patio area, Washer and Dryer Hookups in each Unit. New Roof, New Facia Boards, New Rain Gutters , New Water Heaters and New Garage Doors are some of the Upgrades recently done. Floor plans are included in the Pictures and each Apartment is Slightly over 1,300 SQ Feet, However buyers are encouraged to verify Square Footage . Lower Unit Will and be delivered Vacant. Motivated Seller !

Listing Agent

Martin Watkins

Watkins Realty & Investments License #01249364 Listed on: 10/11/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 2,551 Sq Ft Lot
  • Ocean Front

Parking

  • 2 Car Garage

Home Design

  • Bungalow

Interior Spaces

  • 2,328 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Water Views
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Beach Access
  • Balcony

Additional Features

  • Guest House
  • Baseboard Heating

Community Details

  • 2 Units
  • Vacancy Allowance $3,600

Listing and Financial Details

  • Assessor Parcel Number 4116-033-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 2328
  • Lot Acreage: 0.0586
  • Stories: 2
  • Year Built: 1956
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 3.00
  • Equipment: Ceiling Fan, Garbage Disposal, Built-Ins
  • Price Per S Q F T: 771.05

Exterior Features

  • Other Features: Balcony
  • Other Structures: GuestHouse
  • View: Water
  • View: Yes
  • Waterfront: Beach Access, Beach Rights, Ocean

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Garage Structures: 2
  • Parking Garage: Garage - 1 Car
  • Total Parking: 2

Utilities

  • Heating: Baseboard

Lot Info

  • Assessed Improvement Percent: 37.05
  • Assessed Improvement Value: 63645
  • Assessed Land Percent: 62.95
  • Assessed Land Value: 108136
  • Total Assessed Value: 171781
  • Assessor Parcel Number: 4116-033-018
  • Lot Location: Alley Access, Beach Access
  • Lot Size Area: 2551

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.20
  • Number Of Units: 2
  • Type Of Units: 2
  • Vacancy Allow: 3600
  • Vacancy Allow Percent: 3.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,324 $175,215 $110,298 $64,917
2024 $2,324 $171,781 $108,136 $63,645
2023 $2,287 $168,414 $106,016 $62,398
2022 $2,189 $165,113 $103,938 $61,175
2021 $2,147 $161,876 $101,900 $59,976
2019 $2,086 $157,078 $98,879 $58,199
2018 $2,036 $153,999 $96,941 $57,058
2016 $1,924 $148,022 $93,178 $54,844
2015 $1,898 $145,800 $91,779 $54,021
2014 $1,918 $142,945 $89,982 $52,963
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2025 12/03/25 Pending -- -- --
11/10/2025 11/10/25 Price Changed $1,795,000 -1.6% $771 / Sq Ft
10/11/2025 10/11/25 For Sale $1,825,000 -- $784 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Security Union Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,300,000 Seller Take Back
Source: Public Records

Source: The MLS

MLS Number: 25604737

The MLS

APN: 4116-033-018