7001 Trolleyway South

Playa del Rey, CA 90293

$2,950,000
Price
6
Beds
2
Baths
1,872 Sq. Ft.
$1,576 / Sq. Ft.
1,872
Sq. Ft.
$1,576
per Sq. Ft.

Description

Oceanfront Duplex with Stunning Views Stretching From Catalina Island to the Santa Monica coastline, and Malibu. First time on the market in over 40 years! This beachfront property boasts two separate units, each with breathtaking unobstructed ocean views, plenty of natural light, large balconies/patios, and direct access to the sandy shores of Playa Del Rey beach. Ideal for either owner occupancy, or as rental units. Playa Del Rey's laid-back yet upscale lifestyle attracts residents and visitors...Oceanfront Duplex with Stunning Views Stretching From Catalina Island to the Santa Monica coastline, and Malibu. First time on the market in over 40 years! This beachfront property boasts two separate units, each with breathtaking unobstructed ocean views, plenty of natural light, large balconies/patios, and direct access to the sandy shores of Playa Del Rey beach. Ideal for either owner occupancy, or as rental units. Playa Del Rey's laid-back yet upscale lifestyle attracts residents and visitors alike, making it a top choice for both long-term tenants, and short-term vacation rentals. Whether you're looking to enjoy a peaceful beach lifestyle or seeking a high-income investment opportunity, this duplex is your gateway to a true Southern California paradise. Tucked away from the bustling city yet close enough to enjoy all the best of Los Angeles, Playa Del Rey offers a tranquil oasis with easy access to urban amenities. Just minutes from LAX, Venice Beach, Marina Del Rey, and Santa Monica, as well as local dining, shopping, and plenty of recreational activities.
  1. Listed by Daniel Matilla • DRE #02064763 • Brokerage DRE #00398688 • Matilla Realty Inc

Property Details for 7001 Trolleyway South

Water Front
Ocean
Zoning
LAR3
Parcel Number
4116033039
Total Units
2.0
Living Area
1872
Source Living Area
Vendor Enhanced
Area
Playa Del Rey (C31)
Vacancy Rate
0
LISTING UPDATED: 11/11/2024 12:01 AM

Property Details for 7001 Trolleyway South

StatusActive
MLS #24-459119
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.07 AC / 3,155 SF
CountyLos Angeles County

Building Information for 7001 Trolleyway South

Stories2Residences-Year Built1956Building Size-Lot Size0.07 AC / 3,155 SF

Property Information for 7001 Trolleyway South

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: Coastline, Water, Ocean
  • View: Coastline, Water, Ocean
  • Security Features: None
  • Direction Faces: West
  • Property Condition: Fixer
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: Trust/Conservatorship, As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $108,000
  • Net Operating Income: $108,000.00
  • Gross Income: $113,077
  • Gross Rent Multiplier: $26.00
  • Actual Annual Gross Rent: $113,077.44
  • Actual Rent Total: $113,077.44
  • Financial Info as Of: 11/01/2024
  • Owner Pays: Water
  • Total Annual Expense: 42000
  • Water Expense: $2,500.00
  • Tax Expense: $37,000
  • Insurance Expense: $2,500
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0724
  • Lot Size Square Feet: 3155
  • Lot Location: Beach Front, Beach Access, Ocean Access
Parking Details
Parking Details
  • Parking Garage: Assigned, Driveway, Garage
  • Total Parking: 5
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 2
  • Parking Features: Assigned, Driveway, Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-03-2024
  • Rent Control: Yes
  • Tenant Pays: Gas, Cable TV, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $5,340.60
  • Unit Actual Rent: $5,340.60
  • Unit Projected Rent: $6,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,118.50
  • Unit Actual Rent: $4,118.50
  • Unit Projected Rent: $7,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
  • Number Leased: 2
  • Number Patio: 2
  • Number Range: 2
  • Number Refrigerator: 2
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $46,858.00
  • Assessed Improvement Percent: 22.12
  • Assessed Land Value: $164,935.00
  • Assessed Land Percent: 77.88
  • Assessed Total Value: $211,793.00

Property History for 7001 Trolleyway South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 7001 Trolleyway South

Taxable ValueLand$168,233Additions$47,795Total$216,028
Tax Record2024$2,842 ($237 / month)
Home Facts
Total Finished SqFt1,872 SqFtAbove Grade Finished SqFt1,872 SqFtLot Size3,155 SqFtStyleDuplexYear Built1956ZoningLAR3CountyLOS ANGELESAPN4116-033-039

Schools near 7001 Trolleyway South

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - 6 to 8
Rating
School
Distance
Loyola Village Elementary School
PublicK to 5

Kentwood Elementary School
PublicK to 5

Paseo Del Rey Natural Science Magnet
PublicK to 5

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.

Similar Homes

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7001 Trolleyway South is a multi-family home for sale in Playa del Rey, CA 90293. This property was listed for sale on November 3, 2024 by Matilla Realty Inc, it's currently listed at $2,950,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Loyola Village Elementary School, Kentwood Elementary School and Paseo Del Rey Natural Science Magnet. 7001 Trolleyway South is a 6-bed, 2-bath, 1,872 sqft multi-family home built in 1956.

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 Matilla Realty Inc, Daniel Matilla, DRE #02064763

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.