5007 Ocean Front Walk

Marina del Rey, CA 90292

$5,525,000
Price
5
Beds
6
Baths
3,643 Sq. Ft.
$1,517 / Sq. Ft.
3,643
Sq. Ft.
$1,517
per Sq. Ft.

Description

Court overbid scheduled for 9/24/2024. Refer to the overbid procedures attached for instructions to participate in the overbid hearing. All overbidders must deliver required deposit no later than 5pm on 9/23/2024. Experience coastal luxury at its finest with this stunning beachfront duplex! 5007-5005 Ocean Front Walk offers a rare opportunity to own a piece of Southern California paradise. Spanning 3,643 square feet, the property features a total of 5 bedrooms and 6 bathrooms, with the upper unit...Court overbid scheduled for 9/24/2024. Refer to the overbid procedures attached for instructions to participate in the overbid hearing. All overbidders must deliver required deposit no later than 5pm on 9/23/2024. Experience coastal luxury at its finest with this stunning beachfront duplex! 5007-5005 Ocean Front Walk offers a rare opportunity to own a piece of Southern California paradise. Spanning 3,643 square feet, the property features a total of 5 bedrooms and 6 bathrooms, with the upper unit boasting 3 bedrooms and 3 bathrooms, and the lower unit offering 2 bedrooms and 2 bathrooms. Ideally positioned on Ocean Front Walk, in the most private and secluded beachfront pocket of Marina Del Rey, this duplex offers panoramic ocean views from both units. A truly rare offering on one of California's most coveted beaches. Sale is subject to Bankruptcy Court Approval and Overbid.
  1. Listed by Megan Husri • DRE #02089901 • Brokerage DRE #01125362 • Keller Williams Studio City
  2. Listed by David Weinberger • DRE #01349349 • Brokerage DRE #01125362 • Keller Williams Studio City

Property Details for 5007 Ocean Front Walk

Water Front
Ocean
Zoning
LAR3
Parcel Number
4294006002
Total Units
2.0
Living Area
3643
Source Living Area
Vendor Enhanced
Area
Marina Del Rey (C12)
Vacancy Rate
0
LISTING UPDATED: 09/16/2024 12:57 PM

Property Details for 5007 Ocean Front Walk

StatusActive
MLS #24-420599
Days on Market52
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.08 AC / 3,642 SF
CountyLos Angeles County

Building Information for 5007 Ocean Front Walk

Stories2Residences-Year Built1963Building Size-Lot Size0.08 AC / 3,642 SF

Property Information for 5007 Ocean Front Walk

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2
  • View: Yes
  • View Description: Ocean
  • View: Ocean
Contract Info
Contract Info
  • Disclosures: As Is, Bankruptcy, Court Approval Required
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $180,000
  • Net Operating Income: $180,000.00
  • Gross Income: $240,000
  • Cap Rate: 4.34%
  • Gross Rent Multiplier: $23.00
  • Total Annual Expense: 60000
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.0836
  • Lot Size Square Feet: 3642
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car, On street
  • Total Parking: 2
  • Garage Spaces Total: 2
  • Parking Features: Garage - Two Door, Street
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Patio Open, Living Room
  • Levels: Two
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window, Air Conditioning
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Equipment: Range/Oven
  • Room Kitchen Features: Kitchen Island
  • Kitchen Features: Island
  • Room Bathroom Features: Tile Counters, Shower in Tub, Shower
  • Bathroom Features: Tile, Shower and Tub, Shower Over Tub, Shower Stall
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Patio Features: Porch - Front, Living Room Balcony, Balcony
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-29-2024
  • Listing Terms: Subject To Court, Take Property As Is
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $12,000.00
  • Unit Actual Rent: $12,000.00
  • Unit Projected Rent: $12,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $8,000.00
  • Unit Actual Rent: $8,000.00
  • Unit Projected Rent: $8,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,020,000.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $4,080,000.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $5,100,000.00

Property History for 5007 Ocean Front Walk

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5007 Ocean Front Walk

Taxable ValueLand$4,161,600Additions$1,040,400Total$5,202,000
Tax Record2023$61,563 ($5,130 / month)
Home Facts
Total Finished SqFt3,643 SqFtAbove Grade Finished SqFt3,643 SqFtLot Size3,642 SqFtStyleDuplexYear Built1963ZoningLAR3CountyLOS ANGELESAPN4294-006-002

Schools near 5007 Ocean Front Walk

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Coeur D'Alene Avenue Elementary School
PublicK to 5

Marina Del Rey Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

Westside Global Awareness Magnet
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5007 Ocean Front Walk is a multi-family home for sale in Marina del Rey, CA 90292. This property was listed for sale on July 29, 2024 by Keller Williams Studio City, it's currently listed at $5,525,000. It has been on the market for a total of 52 days and was last sold on February 1, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Coeur D'Alene Avenue Elementary School, Marina Del Rey Middle School and Venice Senior High School. 5007 Ocean Front Walk is a 5-bed, 6-bath, 3,643 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Keller Williams Studio City, Megan Husri, DRE #02089901; Keller Williams Studio City, David Weinberger, DRE #01349349

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.