NOT LISTED FOR SALE

116 Rees St Playa Del Rey, CA 90293

Estimated Value: $1,655,000 - $1,782,000

6 Beds
3 Baths
2,328 Sq Ft
$744/Sq Ft Est. Value

Sale Details

Date Sold: January 6, 2026

Last sale price $1,700,000 $730 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $9,543 / mo

53 Days on Market

Highlights

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

About This Home

As of January 2026

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 !

Last Agent to Sell the Property

Martin Watkins

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

Last Buyer's Agent

Lisa Guan

Pinnacle Real Estate Group License #01912732

Pinnacle Real Estate Group

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

2,551 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2025
Closed on
Dec 19, 2025
Sold by
Bought by
Seller's Agent
Martin Watkins
Watkins Realty & Investments
Buyer's Agent
Lisa Guan
Pinnacle Real Estate Group
List Price
$1,825,000
Sold Price
$1,700,000
Premium/Discount to List
-$125,000
-6.85%
Views
58
Current Estimated Value
$1,731,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,621
Avg. Annual Appreciation
4.84%

Purchase Details

Closed on
Oct 2, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
6.46%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,725,000 Old Republic Title Company
-- Security Union Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/06/2026 01/06/26 Sold $1,700,000 -5.3% $730 / 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

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,382 $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

Agents Affiliated with this Home

  • Martin Watkins

    Seller's Agent in 2026

    Martin Watkins

    Watkins Realty & Investments

    (310) 901-9356

    1 in this area

    25 Total Sales

    Martin Watkins
    Section Image

  • L

    Buyer's Agent in 2026

    Lisa Guan

    Pinnacle Real Estate Group

    Section Image
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Map

Source: The MLS

MLS Number: 25604737

The MLS

APN: 4116-033-018

California Los Angeles County Playa Del Rey 90293

116 Rees St, Playa Del Rey, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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