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Marina Del Rey,CA 90292
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,858 sqft
Price per Sqft $1,028
MLS Listing ID 24389693
Bedrooms 7
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1973
Lot Size 3,149 Sqft
Acres 0.0723
Property Description
Great opportunity to own a rare Silicon Beach 5 unit Building on the Marina Peninsula with many possibilities. 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 4.5 and Gross income of $298,920 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. Landscaped garden area located on a beautiful walk street. 4 Units are Luxury exempt. Earthquake retrofit has been completed. Potential to increase rents to $348,000 with a 5.5 CAP. Most units can be delivered vacant, please inquire.
Location
State CA
County Los Angeles
Area C12 - Marina Del Rey
Zoning LAR3
Rooms
Ensuite Laundry Common Area,Inside
Interior
Interior Features Cathedral Ceiling(s),Multiple Staircases
Laundry Location Common Area,Inside
Cooling None
Fireplaces Type Den
Fireplace Yes
Appliance Dishwasher,Microwave,Oven,Refrigerator
Laundry Common Area,Inside
Exterior
Garage Door-Multi,Door-Single,Garage,Uncovered
Garage Spaces 7.0
Garage Description 7.0
View Y/N Yes
View Coastline,Ocean
Parking Type Door-Multi,Door-Single,Garage,Uncovered
Total Parking Spaces 8
Building
Story 3
Entry Level Multi/Split
Sewer Other
Architectural Style Contemporary
Level or Stories Multi/Split
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 4294003002
Special Listing Condition Standard