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3111 Ocean Front Walk 5 Unit Apartment Building $15,116,256 CAD ($3,023,251 CAD/Unit) Marina Del Rey, CA 90292



Investment Highlights
- Stunning beachfront asset located along the world renowned Ocean Front Walk
- Trophy opportunity to own a highly visible, irreplaceable Venice Beach location
- Dynamic space offering retail, office, creative workspace, or possible boutique hospitality potential
- Legendary “Angel of Unity” building mural by famous painter Rassouli
- Commercial units on the ground floor are delivered vacant, offering immediate leasing upside at market rents
- Spectacular two-story penthouse featuring 22-foot ceilings and panoramic ocean-to-city views
Executive Summary
A rare trophy beachfront asset located just steps from the Venice Pier, 3111 Ocean Front Walk is one of Venice Beach’s most recognizable mixed-use properties. Known as the iconic “Angel of Unity” building, the four-story architectural offering blends creative commercial space, residential income, and irreplaceable coastal frontage in the heart of one of Los Angeles’ most dynamic and heavily visited neighborhoods. On over 5,000 square feet of prime beachfront land, the approximately 8,000 square foot property features ground-floor commercial frontage along Ocean Front Walk, multiple shoreline-view apartments, and a dramatic split-level penthouse with sweeping 270-degree views spanning from the Pacific Ocean to the city skyline. Designed to maximize the coastal experience, the penthouse captures panoramic sunrise-to-sunset views from a unique motorized loft space. Positioned between Venice Beach and Marina del Rey, the property sits within one of Southern California’s most sought-after coastal trade areas, benefiting from constant tourism, strong local demographics, and long-term income growth potential. Zoned C4, the asset offers exceptional flexibility for an investor or operator seeking a repositioning, hospitality, creative office, retail, or mixed-use opportunity tailored to evolving market demand. Venice has emerged as the center of “Silicon Beach,” attracting leading technology, entertainment, and digital media companies alongside billions in venture capital investment. The neighborhood’s affluent and highly educated population, combined with millions of annual visitors drawn to Venice’s art, culture, restaurants, boutiques, and beachfront lifestyle, continues to drive demand for distinctive experiential real estate offerings.
Property Facts
| Price | $15,116,256 CAD | Building Class | B |
| Price Per Unit | $3,023,251 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 8,000 SF |
| No. Units | 5 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1992/2002 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.75/1,000 SF |
| Zoning | C4 - Venice Coastal Zone | ||
| Price | $15,116,256 CAD |
| Price Per Unit | $3,023,251 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 8,000 SF |
| Average Occupancy | 0% |
| No. Stories | 4 |
| Year Built/Renovated | 1992/2002 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | C4 - Venice Coastal Zone |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 4225-001-002 | Improvements Assessment | $2,173,203 CAD |
| Land Assessment | $2,640,350 CAD | Total Assessment | $4,813,553 CAD |
Property Taxes
Parcel Number
4225-001-002
Land Assessment
$2,640,350 CAD
Improvements Assessment
$2,173,203 CAD
Total Assessment
$4,813,553 CAD
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