NOT LISTED FOR SALE

6947 Trolleyway Playa Del Rey, CA 90293

Estimated Value: $3,554,349 - $4,420,000

6 Beds
4 Baths
2,576 Sq Ft
$1,602/Sq Ft Est. Value

Last Sold August 15, 2023

Last sale price $4,003,720 $1,554 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $26,343/month

18 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Loft
  • Kentwood Elementary Rated A-
  • Fireplace in Primary Bedroom
  • 4-minute walk to Del Rey Lagoon Park

About This Home

As of August 2023

Welcome to 6947 Trolleyway, Playa Del Rey, CA 90293. First time on the market in over 50 years, this exceptional beachfront duplex offers an unrivaled location in one Los Angeles' most sought-after neighborhoods. With its panoramic ocean views and direct access to the pristine sands of Toes Beach, this property is a true coastal gem. Situated in the vibrant "Jungle" neighborhood of Playa Del Rey, this duplex offers the rare opportunity to own two separate beachfront residences, each with its own distinct character and charm. Step into the top unit (6949) and be greeted by breathtaking vistas of the Pacific Ocean. This spacious unit features 4 bedrooms / 2 bathrooms + loft with a floorpan designed to maximize the beachfront lifestyle. The living area is flooded with natural light, creating a serene and inviting ambiance that is complemented by tasteful interior upgrades, including a newly renovated kitchen and wood-tile flooring throughout. The bottom unit (6947) boasts an even more intimate beachfront experience with a spacious yard bordering the sand. This well-maintained residence features a layout that seamlessly integrates indoor and outdoor living, including a sliding door and large windows that invite the beach scenery inside. The unit consists of 2 bedrooms / 2 bathrooms, also with wood-tile flooring and a private patio that offers ample space for both relaxation and entertainment. Located in Playa Del Rey, this property enjoys proximity to renowned dining, shopping, and entertainment options. The beachfront location provides a host of recreational activities, from surfing, volleyball, and swimming to leisurely walks along the shoreline. Additionally, the coastal communities of Marina Del Rey and Venice Beach are just a short distance away, offering an array of cultural experiences and a lively social scene. Whether you are looking to invest in a high upside income-generating asset or desire a multi-generational living arrangement, this versatile duplex can accommodate various lifestyles.

Last Agent to Sell the Property

Andrew Malekie

Link Brokerages License #02153774 Listed on: 06/26/2023

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

  • $48,302

Year Built

  • Built in 1956

Lot Details

  • 3,860 Sq Ft Lot
  • Beach Front
  • West Facing Home

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage
  • Driveway

Property Views

  • Ocean
  • Marina
  • Coastline
  • City Lights

Home Design

  • Split Level Home
  • Additions or Alterations
  • Cosmetic Repairs Needed

Interior Spaces

  • 2,576 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Double Pane Windows
  • Dining Room
  • Home Office
  • Loft
  • Tile Flooring

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • ADA Compliant
  • Solar Heating System
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4116-032-035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$48,302

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • ADA Compliant: Yes
  • Disability Access: DisabilityAccess, Handicap Access, Customized Wheelchair Accessible
  • Living Area: 2576
  • Lot Acreage: 0.0886
  • Property Condition: Repair Cosmetic, Additions/Alter
  • Stories: 3
  • Year Built: 1956
  • Number Of Photos: 35
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Fireplace Rooms: Master Bedroom
  • Flooring: Tile
  • Bedrooms: 6
  • Dining Room: 1
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Den: 1
  • Equipment: Dishwasher, Dryer, Elevator, Garbage Disposal, Microwave, Washer, Refrigerator, Range/Oven
  • Price Per S Q F T: 1649.84
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: West
  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Coastline, Ocean, Marina, City Lights
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 4
  • Garage Structures: 2
  • Parking Garage: Garage - 1 Car, Driveway - Concrete
  • Total Parking: 6

Utilities

  • Heating: Wall, Solar
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 27.38
  • Assessed Improvement Value: 66007
  • Assessed Land Percent: 72.62
  • Assessed Land Value: 175097
  • Total Assessed Value: 241104
  • Assessor Parcel Number: 4116-032-035
  • Lot Location: Beach Access, Beach Front
  • Lot Size Area: 3860

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 36.36
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2023
Closed on
Aug 4, 2023
Sold by
Leif And Maria Bennett Family Trust
Bought by
Joginderjit S Judge And Anlsha J Judge Revoca and Judge
Seller's Agent
Andrew Malekie
Link Brokerages
Buyer's Agent
Coby Chatwin
Link Brokerages
List Price
$4,250,000
Sold Price
$4,003,720
Premium/Discount to List
-$246,280
-5.79%
Views
105
Current Estimated Value
$4,127,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,117
Avg. Annual Appreciation
0.47%
Original Mortgage
$1,370,593
Outstanding Balance
$1,341,488
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$2,701,468

Purchase Details

Closed on
Jul 26, 2022
Sold by
Leif Bennett
Bought by
Leif And Maria Bennett Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.83%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 4, 2019
Sold by
Bennett Leif and The Bennett Family Trust
Bought by
Bennett Leif

Purchase Details

Closed on
Feb 21, 2019
Sold by
Bennett Leif
Bought by
Bennett Leif and Bennett Maria

Purchase Details

Closed on
Aug 21, 2016
Sold by
Bennett Bente
Bought by
Bennett Bente and Bennett Leif

Purchase Details

Closed on
Jun 21, 2016
Sold by
Bennett Howard
Bought by
Bennett Bente and Bennett Leif

Purchase Details

Closed on
Jun 15, 1994
Sold by
Bennett Howard and Bennett Bente
Bought by
Bennett Howard
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
Joginderjit S Judge And Anlsha J Judge Revoca $4,004,000 Orange Coast Title Company
Leif And Maria Bennett Family Trust -- First American Title Company O
Bennett Leif -- None Available
Bennett Leif -- None Available
Bennett Bente -- None Available
Bennett Bente -- None Available
Bennett Howard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joginderjit S Judge And Anlsha J Judge Revoca $1,370,593
Previous Owner Leif And Maria Bennett Family Trust $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2023 08/15/23 Sold $4,003,720 -5.8% $1,554 / Sq Ft
07/14/2023 07/14/23 Pending -- -- --
06/26/2023 06/26/23 For Sale $4,250,000 -- $1,650 / 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 $48,302 $4,083,794 $3,264,000 $819,794
2024 $48,302 $4,003,720 $3,200,000 $803,720
2023 $3,223 $245,925 $178,598 $67,327
2022 $3,082 $241,104 $175,097 $66,007
2021 $3,033 $236,377 $171,664 $64,713
2019 $2,864 $229,368 $166,573 $62,795
2018 $2,785 $224,871 $163,307 $61,564
2016 $2,644 $216,140 $156,966 $59,174
2015 $2,606 $212,895 $154,609 $58,286
2014 $2,627 $208,726 $151,581 $57,145
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-284758

The MLS

APN: 4116-032-035