Friday, January 8, 2010

Element Live/Work Lofts Marina Del Rey - 6 Units Back On Market



All 41 units sold during the December 13th court-ordered auction. After some delays, due to auctioneer errors, the average price per square foot came out to $415/sqft. The average overbid was $124,879.

Now that the dust has settled on the auction, as expected some of these units have already fallen out of escrow. They are now being offered on the open-market (refreshing no?) at the final auction sales prices.

The complex is a great build if you are a loft fan. The floor plans are bright, open and include Viking appliances, Ceasarstone counters, dual-sink bathrooms with large shower areas, dual showerheads and separate over-sized tub, generous balconies, polished concrete flooring. Each unit comes with 2 parking spaces, and there is a fitness center on site.

There are now 6 units available at the following prices.


Unit 201 $479,400 -- 1,070 sqft ($448/sqft)
Unit 207 $438,600 -- 1,270 sqft ($345/sqft)
Unit 409 $462,060 -- 1,070 Sqft ($432/sqft)
Unit 510 $448,800 -- 910 sqft ($493/sqft)
Unit 511 $518,160 -- 920 sqft ($563/sqft)
Unit 512 $805,800 -- 1,560 sqft ($516/sqft)

My opinion is that units 207 and 409 represent some of the better deals in the area for new construction boasting top-of-the-line amenities.

Have you seen these units? What's your opinion?

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