This particular block (Glencoe, b/w Maxella and Washington) is over saturated with condos and lofts. Apart from the impact on infrastructure (mind you, the whole area was an industrial zone before, with all sorts of contamination to the soil..) it's also driving prices down. That being said, there are some nice buildings there - mainly the apartment ones - don't expect any views, other than that of the neighbors, again because of the saturated building. I would avoid lofts unless you are comfortable with large spaces and little privacy... As for the realtor comments, probably true (although I'm yet to see an honest realtor who would say something was not a good buy, or that now is not the time to buy...) but remember again the oversupply of rental (some buildings were converted from condos to rentals) also drives rental prices down. I'd wait another 6-12 month.

I think it is a pretty cool place, and if you look at it based on price per square foot it is very competitive. If you look at what nearly identical units nearby are renting for, for example R2Living, it is a good deal.

Their website does not have many pictures, but the interior designer has a flickr page with some pictures.

Wow! I love those condo's and what a great price they are. I don't think they are a bad investment at all. IF you area thinking of selling in 5-10 years, I'm not so sure the market will correct itself that fast. You could lease your property though, leases in Marina Del Rey are in demand.