3400 Pacific Avenue
- Original Developer Ownership – First time offered by the original developer, creating a rare generational acquisition opportunity.
- Exceptional Unit Mix – 100% large two - bedroom, 2.5-bath residences averaging approximately 1,500 square feet.
- Premier Marina Peninsula Location – Located in one of Southern California’s most sought-after beachfront residential neighborhoods.
- Condominium - Quality Features – In-unit laundry, central HVAC, private balconies, and spacious floor plans throughout.
- 37,390 SF of Improvements – Substantial building area providing scale and operational efficiency.
- Superior Parking Ratio – 54 gated parking spaces serving just 24 units.
- 18,144 SF LAC2 - Zoned Site – Large land parcel with valuable underlying zoning in a highly supply-constrained coastal market.
- Irreplaceable Frontage – Prominent block-through presence on Pacific Avenue from Catamaran Street to Driftwood Avenue.
- Strong Tenant Appeal – Well-positioned to attract affluent professionals, executives, and long-term coastal renters.
- Long-Term Value Potential – Located within a highly constrained beachfront market with limited opportunities for new comparable development.
Property Description
3400 Pacific Avenue represents a unique opportunity to acquire a large-scale, institutionally sized multifamily asset in the heart of the Marina Peninsula. Combining an irreplaceable coastal location, oversized residential product, substantial land value, abundant parking, and original developer ownership, the property offers investors a compelling blend of stable income potential and long-term appreciation in one of Los Angeles County’s most desirable beach communities. Constructed in 1990, the three-story building contains approximately 37,390 square feet of improvements situated on a generous 18,144-square-foot LAC2-zoned lot. The property occupies an exceptional block-through location with extensive frontage along Pacific Avenue, extending from Catamaran Street to Driftwood Avenue, This highly visible and irreplaceable location places residents just steps from the beach while providing convenient access to Marina del Rey, Venice, Silicon Beach, and the Westside's major employment centers. The property's most compelling feature is its highly desirable and uniform unit mix. All 24 residences are spacious two-bedroom, two-and-one-half-bath floor plans averaging approximately 1,500 square feet, significantly larger than typical apartment offerings in the surrounding market. The units are designed to appeal to discerning renters seeking condominium-quality living in a premier coastal setting.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $19,750,000 |
| No. of Units: | 24 |
| Year Built: | 1990 |
| Opportunity Zone: | No |
| Price per unit: | $822,917 |
| Property Website | Click Here |
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