ActiveResidential · sale

1046 Princeton Dr 201

Marina Del Rey, CA 90292

$1,250,000

  • 2 beds
  • 2 baths
  • 1,301 sq ft
  • 1.06 acres
  • Built 2007

Listed by Brent Ball, Broker · MLS #NDP2607961

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2007.

Property size

1.06 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Princeton Lofts — Live / Work / Lofts PRINCETON LOFTS | MARINA DEL REY / VENICE Rarely does a property come along that genuinely delivers on the promise of live / work living. Princeton Lofts is different. This is not a conventional residence dressed up with industrial-inspired finishes. It is an authentic loft environment designed around the way creative professionals, entrepreneurs, artists, designers, makers, and remote-working professionals actually live and work. Located just steps from the beach in Marina del Rey and minutes from the energy of Abbot Kinney, this approximately 1,301-square-foot, two-bedroom, two-bathroom loft combines dramatic architectural scale, authentic industrial character, flexible living space, and an extraordinary coastal lifestyle. From the moment you enter, the architecture makes an impression. Approximately 20-foot ceilings create an expansive sense of volume, while exposed bolted steel construction, sandblasted wood joists, and the original double bow truss wood ceiling preserve the authentic character of the building. These are not decorative elements added to recreate an industrial aesthetic—they are part of the building's original architectural language. The result is a space with the kind of character and construction that is increasingly difficult, if not impossible, to replicate in today's new construction. BUILT FOR THE WAY YOU WORK Princeton Lofts offers something increasingly valuable: the ability to genuinely live and work under one roof without sacrificing either. The flexible floor plan can accommodate a sophisticated home office, creative studio, showroom, workspace, or traditional residential living—or a combination of all of them. For the entrepreneur, it can be a place to live and run a business. For the artist or designer, it can provide the volume and flexibility required to create. For the remote professional, it eliminates the need to carve a workspace out of a conventional apartment. And for someone who simply appreciates exceptional architecture, it offers a rare opportunity to own a residence with authentic loft character in one of Southern California's most desirable coastal locations. ARCHITECTURE & DESIGN The architectural details are what distinguish Princeton Lofts from today's loft-inspired construction. Approximately 1,301 square feet Approximately 20-foot ceilings Original double bow truss wood ceiling Exposed bolted steel construction Sandblasted wood joists Polished concrete, hardwood, and carpet flooring Dramatic architectural volume and open loft character Two bedrooms and two bathrooms Two-car tandem parking The building's shared concourse adds another remarkable architectural dimension. Clear glass skylights soar approximately 30 feet above the space, bringing changing natural light into the building throughout the day and creating an unexpected connection to the sky above. As evening arrives, the atmosphere changes again, with the open architectural volume providing glimpses of the night sky. It is this combination of scale, materials, craftsmanship, and natural light that gives Princeton Lofts its distinctive identity. A COASTAL LIFESTYLE AT YOUR DOOR Step outside and the lifestyle changes completely. Princeton Lofts is steps from the beach, placing the sand, ocean air, and Southern California coastal lifestyle immediately outside your door. Marina del Rey provides an exceptional mix of waterfront living, restaurants, recreation, boating, cycling, and easy access to the Westside. Just minutes away, Abbot Kinney offers some of Venice's most recognizable galleries, boutiques, restaurants, coffee shops, and creative energy. This is a location where the distinction between work and lifestyle can become almost irrelevant. Start the morning with a walk along the beach, work from your loft, meet friends for dinner in Venice, or take advantage of the marina and surrounding coastal amenities—all within minutes of home.

THE NEIGHBORHOOD

Explore the location.

1046 Princeton Dr 201, Marina Del Rey, CA 90292

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2007
Full baths
2
Garage spaces
0
Cooling
CentralAir
Heating
Central,Fireplaces
Appliances
BuiltInRange,Dishwasher,GasCooking,GasCooktop,Disposal,GasOven,GasRange,GasWaterHeater
Flooring
Wood
Accessibility
Parking
Pool
No
Pool features
None
Spa
No
Zoning
LAC4 (OX)
Parcel
4229003092
HOA
Princeton Lofts
HOA amenities
ControlledAccess
HOA fee frequency
Monthly
Elementary school
Coeur d'Alene
Middle school
Marina Del Rey
High school
Venice
HOA fee
$568.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$5,208.33
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1046 Princeton Dr 201, Marina Del Rey, CA 90292 · MLS #NDP2607961

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Listing information

MLS #NDP2607961 · California Regional MLS

Listing brokerage: Brent Ball, Broker
Listing agent: Brent Ball

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.