Four adjacent properties on Ocean Front Walk have been listed on the market for $25 million, according to GlobeST.com, a real estate news website.
The properties include the three-story apartment building on 511 OFW, Gingerbread Court, located at 517 OFW, the Blu House, at 523 OFW and a parking lot on 601 OFW that is zoned as a retail and food establishment.
“This is a rare opportunity to acquire over 300 feet of irreplaceable beachfront real estate with unobstructed views of the Pacific Ocean along Ocean Front Walk,” said Richard Ringer, vice-president of Marcus & Millichap who is representing the seller, in a statement. “This unique offering in the heart of Silicon Beach will attract interest from a variety of local and foreign investors and from potential owner-users in the high-tech and entertainment industries.”
The Gingerbread court bungalow complex was built in 1922 by Charlie Chaplin as his summer home. The Blu house, built in 1901, is one of the oldest houses in Venice. A minor fire in July damaged the front porch of the house.