Playa Del Rey

Exclusive “off market” ocean front development opportunity. We are pleased to present an extremely rare investment opportunity in Playa del Rey, in Los Angeles County, California: one of the few remaining coastal properties available for development.

Playa del Rey is a hidden gem nestled along the stunning coastline near Marina del Rey. With its pristine beaches, breathtaking ocean views, and proximity to major tech hub Silicon Beach, Playa del Rey is poised for exponential growth. The demand for residential products and innovative commercial spaces is on the rise, making it an ideal location for strategic investment.

The three sites, totaling 3.5 acres of land, are all located within walking distance of the Pacific Ocean. Properties in the California coastal area usually have to go through a rigorous entitlement process that may take many years. However, the zoning for these properties is now governed by new California legislation, Assembly Bill 2011 (“AB 2011”), which allows CEQA-exempt, streamlined, ministerial, nondiscretionary housing development projects.

The envisioned projects will create approximately ±408 apartment units, including ±62 affordable units (15% affordable is required to use the new bill); a companion bill also allows for limited parking requirements.

Purchase scenarios and terms are shared with registered clients.

The properties are located either on the beach or steps away from the wide, sandy beach and the Pacific Ocean. The Strand, a hike and bike path, links the South Bay with Santa Monica Bay, from Palos Verdes to Pacific Palisades. While many of the units will enjoy ocean views, some will have direct access to the beach from their backyards.

Situated within Silicon Beach, a booming high-tech, high-wage engine. The development site is in the heart of Silicon Beach, considered the second or third largest tech hub in the world and the epicenter for digital content creation. With neighboring tech tenants such as Amazon, Apple, Google, HBO Max, YouTube, Yahoo and Facebook, the area’s desirability has significantly increased, putting upward pressure on home prices as well as multifamily and commercial rental rates. Local entertainment and amenities include Cinemark, Whole Foods, Sol Cocina, Equinox Fitness, Sugarfish, CVS Pharmacy, Chase Bank and Wells Fargo. The site is only a 10-minute drive to LAX, a 9-minute drive to Marina del Rey, a 14-minute drive to Sony Pictures Studios, and close to Fox Studios.

Upon execution of an NDA, the full investment offering memorandum will be sent for review.