$ 4,395,000
-
$4,395,000
Price -
7
Bed -
7
Bath -
4,858
SqFt
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About the Listing CLW-X8146110 - CLW-X77874
Priced for Quick Sale!! Rare Silicon Beach Investment Property, 5 unit Building on the Marina Peninsula. Located on a beautiful walk street, steps to the beach, close to all the popular restaurants and shops in Venice and Marina Del Rey. All New York style lofts and recently remodeled units, complete with some sq ft expansion, common area remodel, Earthquake/ soft story retrofit and new garage doors. Cap rate 5.3 and Gross income of $309,120 annually with great upside potential. 2 Multi level units some with 2 story living rooms with multipurpose loft area. Great mix of units, most with their own private garages. 2 units have large spectacular Ocean view rooftop patios. Many possibilities from short term rentals, or owner user one or a few of the units. Possibilities are endless. Multi-level units have large, bright 2 story living rooms with open kitchen w/ stainless steel appliances with granite counter tops and more. Units 2 and 3 have been completely remodeled. 4 Units are Luxury exempt and not subject to rent control restrictions. Earthquake retrofit has been completed. Potential to increase rents to $331,800 with a 5.8 CAP. All units can be delivered vacant.
Listing Highlights
Status
Active
Days on Site
40
Property Type
Multi-Family
MLS ®
26695459
Year Built
1973
Total Square Footage
4,858
Lot/Acreage
0.07
County
Los Angeles
Area
C12 - Marina Del Rey
Interior Details
- Bedrooms: 7
- Bathrooms: 7 Full
- Appliances: Dishwasher, Microwave, Oven, Refrigerator
- Air Cond:
- Heating:
- Fireplaces: Den
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Cathedral Ceiling(s),Multiple Staircases
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 7 car
- Parking Spaces: 8
- Zoning: LAR3
- Roof:
- Others: Updated/Remodeled,2+ Total Units
- Sewer: Other
- Parking Features: Door-Multi,Door-Single,Garage,Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4294003002
- Tax Year: N/A
Payment Calculator
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Questions About..
14 Mast St Marina Del Rey, CA 90292
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