Property profile

4223 Glencoe Ave Marina Del Rey, CA 90292

OFF-MARKET
Parking lots & garages
Property ID
US09-7081946
65,983 SF 1.23 ac lot Built 1953
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Marina del Rey property, located at 4223 Glencoe Ave, offers 65,000 square feet of renovated creative office and flex space within a single, two-story building. Built in 1953 and renovated in 1989, this Class B property sits on a 2.68-acre lot (116,741 square feet) and boasts a 0.56 FAR. The building features multiple tenancies, with available suites ranging from 844 to 2,911 square feet. Amenities include separate HVAC units for each suite, operable windows, touchless restroom fixtures, polished concrete floors, abundant skylights providing natural light, ample gated and secure parking, high ceilings, and extensive outdoor meeting areas. Its convenient location offers easy access to Villa Marina and all major freeways within a two-mile radius, with LAX just 10 minutes away. The property is zoned CM and is situated in the desirable Marina/Venice submarket of Los Angeles County (APN: 4230-005-037). This prime location and the building's modern amenities make it an ideal space for a variety of businesses. The property's size and flexible space options provide significant opportunities for growth and expansion.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1953
Construction TILT-UP CONCRETE
Total area 65,983 SF
Lot 1.23 ac (53,566 SF)
Zoning code LACM(GM)
APN 4230-005-037
UPID US09-7081946

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4223 Glencoe Ave Marina Del Rey, CA 90292-5669
Marina Del Rey metro Census 275400 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$1.30M

Owner & transaction history

since 2020
5 recorded transactions
2020
Price N/A
2000
Price N/A
1996
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LACM(GM) · Marina Del Rey, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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