Property listed by Californian Estates, Bethany Woolf 323-719-7779
$2,195,000
Welcome to this exceptional Playa del Rey property on a rare corner lot less than one mile from the beach, offering the perfect blend of coastal living, modern comfort, and outstanding investment potential. With the main residence accessed from 83rd Street and the detached ADU enjoying its own private entrance… Read More from Falmouth, the thoughtfully designed layout provides an ideal balance of privacy and flexibility. A spacious central courtyard creates a wonderful outdoor living area and private play space for children while naturally separating the main home from the detached 3-car garage and 2-bedroom ADU, giving each residence its own sense of privacy and outdoor space. The beautifully updated and newly re-roofed main residence offers 4-bedrooms, 3-bathrooms and approximately 2,268 sq ft of light-filled living space with an open-concept floor plan and seamless flow between the large renovated kitchen, dining area, and family room ideal for everyday living and entertaining. The spacious primary suite features soaring lofted ceilings, a cozy fireplace, and a generous walk-in closet. Thoughtfully renovated throughout, the home is truly move-in ready.Above the detached 3-car garage, the beautifully renovated 783 sq ft, 2-bedroom, 1-bath ADU features its own private entrance and is currently leased month-to-month at $2,953 per month, providing immediate rental income with flexibility for future use.Situated on an R3-zoned lot, the property presents exceptional upside with the potential for up to seven units (Buyer to verify), offering opportunities to expand, redevelop, convert the garage/storage space, or simply hold as a high-performing investment in one of Playa del Rey's most supply-constrained neighborhoods.Just moments from the beach, bike path, LMU, shops, restaurants, parks, and major commuter routes, this rare offering combines a turnkey coastal home with significant income and development potential.Buyer to verify all square footage, permits, zoning, and development opportunities. Read Less
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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