NOT LISTED FOR SALE

6401 Ocean Front Walk Playa Del Rey, CA 90293

Estimated Value: $3,328,000 - $4,764,000

5 Beds
4 Baths
2,421 Sq Ft
$1,757/Sq Ft Est. Value

Last Sold July 15, 2024

Last sale price $4,437,000 $1,833 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $23,481/month

61 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Living Room with Fireplace
  • Kentwood Elementary Rated A-
  • Property has ocean access
  • 2 Car Attached Garage

About This Home

As of July 2024

(NEW EXTERIOR PAINT - CAN BE PURCHASED TOGETHER OR SEPARATE) A once-in-a-lifetime opportunity to own two iconic beachfront duplexes nestled in the coveted Playa Del Rey neighborhood of Los Angeles. These trophy assets have full upcoming vacancy by end of August 2024 and promise unparalleled potential for savvy investors or owner-users seeking the ultimate coastal lifestyle. Ideally positioned on Ocean Front Walk, the most private and secluded beachfront pocket of Playa Del Rey, these duplexes offer panoramic ocean views from every unit, with the beach as your backyard to the West and the Del Rey Lagoon and Park steps away to the East. Residents enjoy nearly exclusive beach access, where this prime location has minimal noise and foot traffic while maintaining close proximity to all local amenities and attractions. Each unit is impeccably maintained, but also presents a blank slate for value enhancement. Electrical and plumbing (copper) have been upgraded throughout each building, and each unit is individually metered for utilities (except laundry - W/D in garage of each building shared by respective tenants). Both buildings have garage spaces accommodating two cars each and ample storage, while the 6401 building has additional on site tandem parking on the North side of the building + EV charging. The full upcoming vacancy is a rare gem in Playa Del Rey's real estate landscape, not to mention the unmatched location, rental upside, and value add potential that comes with it. Don't miss your chance to own a piece of Playa Del Rey's sought-after beachfront and unlock this property's full potential.

Last Agent to Sell the Property

Andrew Malekie

Link Brokerages License #02153774 Listed on: 04/03/2024

Co-Listed By

Coby Chatwin

Link Brokerages License #01998822

Last Buyer's Agent

Coby Chatwin

Link Brokerages License #01998822

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,010

Year Built

  • Built in 1965

Lot Details

  • 2,551 Sq Ft Lot
  • Beach Front
  • West Facing Home

Home Design

  • Flat Roof Shape
  • Stone Roof
  • Stucco

Interior Spaces

  • 2,421 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Ocean Views
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Outdoor Features

  • Property has ocean access

Utilities

  • Central Heating
  • Gas Water Heater

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4116-002-025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,010

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 2421
  • Lot Acreage: 0.0586
  • Stories: 2
  • Year Built: 1965
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Living Room
  • Bedrooms: 5
  • Laundry: Garage
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 1920.69

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Other Structures: None
  • Roof: Flat, Rock
  • View: Ocean
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Parking Garage: Garage - 2 Car, Garage Is Attached, On street
  • Total Parking: 2

Utilities

  • Water Heater: Gas
  • Heating: Central
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: Yes
  • Assessed Improvement Percent: 39.71
  • Assessed Improvement Value: 444798
  • Assessed Land Percent: 60.29
  • Assessed Land Value: 675421
  • Total Assessed Value: 1120219
  • Assessor Parcel Number: 4116-002-025
  • Lot Location: Beach Front, Beach Access, Ocean Front, Ocean Access
  • Lot Size Area: 2551

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 22.62
  • Number Of Units: 2
  • Total Annual Expense: 67775
  • Type Of Units: Apartment
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2024
Closed on
Jul 11, 2024
Sold by
Mazzone Angelo Michael
Bought by
6401 Ofw Llc
Seller's Agent
Andrew Malekie
Link Brokerages
Buyer's Agent
Coby Chatwin
Link Brokerages
List Price
$4,750,000
Sold Price
$4,437,000
Premium/Discount to List
-$313,000
-6.59%
Views
19
Current Estimated Value
$4,254,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$182,437
Avg. Annual Appreciation
-3.23%
Original Mortgage
$3,550,000
Outstanding Balance
$3,507,923
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$746,640

Purchase Details

Closed on
Sep 1, 1995
Sold by
Legg Ray M and Legg Mary
Bought by
Mazzone Ii Angelo Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,000
Interest Rate
7.48%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
6401 Ofw Llc $4,437,000 Provident Title Company
Mazzone Ii Angelo Michael $700,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 6401 Ofw Llc $3,550,000
Previous Owner Mazzone Ii Angelo Michael $536,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2024 07/15/24 Sold $4,437,000 -4.6% $1,833 / Sq Ft
06/03/2024 06/03/24 Pending -- -- --
05/20/2024 05/20/24 Price Changed $4,650,000 -2.1% $1,921 / Sq Ft
04/03/2024 04/03/24 For Sale $4,750,000 -- $1,962 / Sq Ft
Source: The MLS

Tax History Compared to Growth

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 $14,010 $4,437,000 $3,800,000 $637,000
2024 $14,010 $1,142,622 $688,929 $453,693
2023 $13,741 $1,120,219 $675,421 $444,798
2022 $13,104 $1,098,255 $662,178 $436,077
2021 $12,936 $1,076,722 $649,195 $427,527
2019 $12,548 $1,044,789 $629,941 $414,848
2018 $12,480 $1,024,304 $617,590 $406,714
2016 $11,927 $984,531 $593,609 $390,922
2015 $11,752 $969,743 $584,693 $385,050
2014 $11,795 $950,748 $573,240 $377,508
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-373473

The MLS

APN: 4116-002-025