4050 Glencoe Avenue 423
Marina Del Rey, CA, 90292
$829,000
MLS: OC25178937
Beds
1
Baths
2
Sq Ft
890
Lot
1.36 ac
Year Built
2007
MLS #
OC25178937
Days on Market
77
Listed
Aug 8, 2025
Description
Prime Income Opportunity Spectacular and spacious, this 1-bedroom, 1.5-bathroom single-level penthouse is located in the heart of the Marina Del Rey Arts District, just two blocks from the beach. Currently tenant-occupied at above-market rent, this property is the perfect turnkey investment with immediate income potential. The unit offers soaring ceilings, wood floors, a fireplace, and a chef’s kitchen with Viking appliances and granite counters—features that ensure continued tenant demand. The primary suite includes double closets, a spa-like en-suite bathroom, and access to a private balcony retreat. Additional highlights include central HVAC, in-unit laundry, and two side-by-side garage parking spaces. The building provides resort-style amenities that drive tenant appeal and rental strength, including a fitness center, spa, sauna, steam room, hot tub, BBQ area, meeting room, and ample guest parking. Area is close proximity to shops, dining, entertainment, and freeways, this property offers both stable income and long-term value appreciation. Turnkey. Tenant in place. High demand coastal rental market.
Location
Marina Del Rey, Los Angeles County, CA 90292
Open on Google Maps ↗Listed by: Lisa Jorgensen · Magellan Capital Group & Assoc.
Payment estimate
$6,059
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $82,900 · Loan: $746,100
- Principal & Interest
- $4,584
- Property tax (1.25%)
- $864
- Homeowners insurance
- $300
- Mortgage insurance
- $311
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Marina Del Rey home with as little as 3.5% down using an FHA loan — roughly $29,015 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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