About 7029 Trolleyway
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, and Unit 3 is a top-floor studio apartment. 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 is ideal for investors 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.
Features of 7029 Trolleyway
| MLS® # | 24-372807 |
|---|---|
| Price | $4,635,150 |
| Units | 3 |
| Bedrooms | 5 |
| Bathrooms | 5.00 |
| Square Footage | 2,454 |
| Acres | 0.07 |
| Year Built | 1956 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 7029 Trolleyway |
|---|---|
| Area | Playa Del Rey |
| City | PLAYA DEL REY |
| County | Los Angeles |
| State | CA |
| Zip Code | 90293 |
Amenities
| Features | Balcony, High Ceilings (9 Feet+) |
|---|---|
| Parking Spaces | 6 |
| # of Garages | 2 |
| Garages | Assigned, Driveway |
| View | Ocean |
| Is Waterfront | Yes |
| Waterfront | Ocean |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Laminate, Ceramic Tile, Tile |
|---|---|
| Interior Features | High Ceilings (9 Feet+), Living Room Balcony, Laundry - Closet Stacked, Living Room Deck Attached |
| Appliances | Free Standing Gas |
| Heating | Wall Gas |
| Cooling | None |
| Fireplace | Yes |
| Fireplaces | Gas, Kitchen, Living Room, Master Bedroom, Patio |
| # of Stories | 3 |
| Has Basement | No |
Exterior
| Exterior | Stucco |
|---|---|
| Lot Description | Value In Land |
| Windows | Double Pane Windows, Mini Blinds |
| Construction | Stucco |
Additional Information
| Date Listed | March 28th, 2024 |
|---|---|
| Days on Market | 50 |
| Zoning | LAR3 |
| Foreclosure | No |
| RE / Bank Owned | No |
| Actual Annual Gross Rent | $93,600 |
| Gross Operating Income | $93,600 |
| Net Operating Income | $84,537 |
Unit 1 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $6,300 |
Unit 2 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
Unit 3 Details
| Baths | 1.00 |
|---|---|
| Rent | $1,500 |
Listing Details
| Agent | Michael Earley (00877967) |
|---|---|
| Office | eXp Realty of California Inc |