A rare waterfront apartment sale in Marina del Rey is the latest sign of growing investor interest in scarce coastal properties as multifamily dealmaking rebounds across Los Angeles.
Waterfront apartment sale adds to growing coastal investment activity in LA County
Essex Property Trust sells Marina del Rey complex as investors target multifamily assets
CoStar News
September 4, 2026 | 5:31 P.M.
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IN THIS ARTICLE
- Properties
- The Promenade Marina City Club
4333 Admiralty Way, Marina Del Rey, CA
- Companies
- Essex Property Trust, Inc.
Real Estate
- NextGen Apartments, LLC
Real Estate
- Contacts
- Stewart Weston
Executive Vice President, Matthews Real Estate Investment Services