
Tempo at Riverpark
450 Forest Park Blvd, Oxnard, CA, 93036-5310, US
235 units
Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present for sale for the first time ever Shores (the “Property”, the “Community”), an irreplaceable 544-unit community occupying a coveted leasehold interest along the coastline of Los Angeles’ finest beach side community, Marina del Rey.
Completed in 2013, Shores is a California landmark featuring 544 contemporary residences across 12 interconnected five-story buildings. This premium marina-adjacent community seamlessly blends modern sophistication with nautical-inspired design elements, offering primarily one and two-bedroom units ranging from ±750 to ±1,410 square feet. Each residence features high-end finishes including granite countertops, stainless steel appliances, and spectacular views of the Pacific Ocean, marina, and landscaped courtyards. The Property successfully transformed an underutilized 1960s garden apartment property into a modern community that captures the growing demand from the surrounding community of Silicon Beach professionals. Shores’ centerpiece is a stunning ±2.5-acre park-like courtyard featuring resort-style amenities including a pool, dual spas, fire pits, BBQ areas, bocce court, and sky terraces designed to foster both community connection and private relaxation.
Strategically positioned in the heart of Marina del Rey, Shores capitalizes on the area’s transformation into a premier live-work destination for Los Angeles County’s thriving technology and creative sectors. Residents may easily access the Pacific Ocean within a 5-minute walk via the dedicated Ballona Lagoon pedestrian bridge, resulting in an unmatched quality of life. Traveling east, residents are also within a short walk or bike ride to the weekly Marina del Rey Farmer’s Market, renowned Mother’s Beach and famous Venice Beach pier. Shores exemplifies successful densification in a coveted waterfront location, delivering premium coastal living with immediate access to the marina, beaches, and major employment centers throughout the greater Los Angeles area.
• Excellent Condition with Attractive Unit Interior Renovation Upgrade Potential
• The Only ±2.5-Acre Central Amenity Courtyard in MDR
• Impressive Performance: ±6.1% New LTO & ±5.0% Renewal (Last-10 Leases)
• Affluent Tenant Base Earning Over $200k+ Annually
• Nearly 70% Discount to Homeownership Drives Fundamentals
• No Nearby Supply Under Construction & Zero Deliveries Since 2020 in MDR
• Occupies a County Ground Lease Until 2063