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$4,495,150   Price Analysis
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7029 Trolleyway
Playa Del Rey, CA 90293
5 bed 5 bath 2,454 SqFt ($1831/SqFt)
3,086SqFt lot. Built 1956
Listed 2024-03-29, Taxes $3,084
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

This property offers direct beach access

Allowing you to step right onto the sand from your front door, ensuring an authentic beach lifestyle. It boasts unobstructed ocean views stretching from Palos Verdes to Malibu, visible from the two front units. In 2016, the property underwent a coastal-inspired renovation, which introduced modern style and comfort. Each front unit has its own private patio or deck to enjoy the ocean views. Additionally, the property is close to a 22-mile shoreline bike path, volleyball courts, shopping and dining. The front units feature an open floor plan with views of the ocean.

There is a full master suite w bath upstairs, attached to the lower unit (which is currently closed off by the tenant) with a separate entrance to the garage and outdoors. There are six parking spaces available, including two garages and four driveway spaces.Opportunity: This property is a rare find on the market, as it has not been available for almost 60 years. It s ideal for inve stors or those seeking a personal beachfront retreat. This multi-family property offers a mix of comfort, style and unbeatable ocean views. Don't miss out on this exceptional opportunity to own a piece of paradise in a sought-after location, perfect for year-round sunbathing and entertaining. The property has outdoor and indoor stairs, making it a exceptional opportunity to convert to a single family home.


Presented by Earley Schick & Associates at
eXp Realty of California Inc.
Listing Agent Photo

Property MLS #24-372807 from TheMLSCLAW

Bedrooms: 5
Bedroom 1 Features: Master Bedroom

Total Bathrooms: 5
Full Bathrooms: 5
Bathroom 1 Features: Shower and Tub, Low Flow Shower(s), Tile

High Ceilings (9 Feet+)
Laundry - Closet Stacked
Living Room Balcony
Living Room Deck Attached
2 Staircases
Flooring: Laminate, Ceramic Tile, Tile
Window Features: Double Pane Windows, Mini Blinds

Free Standing Gas
Laundry Facilities: In Unit
Laundry Features: In Unit

Breakfast Area, Master Bedroom, Patio Enclosed

Quartz Counters
Kitchen Features: Quartz Counters

Fireplace Features: Gas, Kitchen, Living Room, Master Bedroom, Patio, Bath, Master Retreat
Heating Features: Wall Gas

Water Features: In Street, Meter on Property
Ocean

Patio And Porch Features: Balcony, Concrete Slab, Covered Porch, Deck(s), Living Room Balcony, Living Room Deck Attached, Patio Open
Patio Features: Balcony, Concrete Slab, Covered Porch, Deck(s), Living Room Balcony, Living Room Deck Attached, Patio Open

Lot Description: Value In Land, Street Paved
Lot Size Acres: 0.0708448
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 3086

Garage Spaces: 2
Garage Description: Assigned, Driveway, Door Opener, Electric Vehicle Charging Station(s), Garage - 2 Car, Private Garage, Shared Driveway
Parking Total: 6

View: Ocean
Other Equipment: Ceiling Fan, Dryer, Garbage Disposal, Gas Dryer Hookup, Range/Oven, Refrigerator, Stackable W/D Hookup, Washer

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 2
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 3, 1 SquareFeet: 7000, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 7000

Number of Units Leased: 2
Tenant Pays: Electric, Gas, Cable TV

Balcony
High Ceilings (9 Feet+)
Source Listing Status: Active
County: Los Angeles
Cross Street: Reese
Directions: Culver Blvd to end. Turn left on Trolleyway to the property
Source Property Type: Residential Income
Area: Playa Del Rey
Source Neighborhood: Playa Del Rey
Parcel Number: 4116-033-047
Postal Code Plus 4: 7657
Property Location: Beach Front, Ocean Access, Ocean Front, Near Public Transit
Zoning: LAR3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$64,041 + $175,097
$239,138
$3,084
2021$62,786 + $171,664
$234,450
$3,030
2020$62,143 + $169,904
$232,047
$3,056
2019$60,925 + $166,573
$227,498
$2,943
2018$59,731 + $163,307
$223,038
$2,874
2017$58,560 + $160,105
$218,665
$2,815
2016$33,112 + $156,966
$190,078
$2,435
2015$32,615 + $154,609
$187,224
$2,401
2014$31,977 + $151,581
$183,558
$2,423
2013$31,833 + $150,896
$182,729
$2,417
2012$31,209 + $147,938
$179,147
$2,450
2010$30,598 + $145,038
$175,636
$2,416
2009$30,443 + $144,297
$174,740
$2,322
2009$30,370 + $143,955
$174,325
$2,322
2008$29,847 + $141,468
$171,315
$2,228
2007$29,262 + $138,695
$167,957
$2,146

Price Changed 2024-05-17
$4,495,150
TheMLSCLAW
Listed 2024-03-29
$4,635,150
TheMLSCLAW
Sold 2008-08-12
$1,515,000
Public Record
Sold 1970-04-30
$62,500
Public Record

Net Operating Income: 84537

Total Square Feet Living: 2454
Year Built: 1956
Building Exterior Type: Stucco, Wood
Common Walls: Detached/No Common Walls
Direction Faces: West
Entry Location: Living Room
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 68
Property Condition: Repair Cosmetic, Value Mainly In Land, Updated/Remodeled, Additions/Alter
Levels or Stories: 2
Building Total Stories: 2
House Style: Traditional
Year Built Source: Vendor Enhanced
Architectural Style: Traditional

Sewer: In Street
Television: Cable TV

Paseo Del Rey Natural Science Magnet is a public elementary school located approximately 0.9 miles away.
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Westchester Enriched Sciences Magnets is a public high school located approximately 1.3 miles away.
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Orville Wright Engineering And Design Magnet is a public middle school located approximately 2.8 miles away.
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St. Bernard High School is a private high school located approximately 0.9 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.