Try Advanced Home Search

Hometuity Connects Directly To The MLS and Updates Every 5 Minutes

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.

Features
: Ocean, Coastline
3
: Inside, Community
0
: Contemporary
Additional Information
Compass
0
CLW-X77874
CLW-X8146110
James
4294003002
: Standard
7
Multi/Split
32

Multi-Family For Sale

14 Mast Street, Marina del Rey, California 90292

4,858 Sqft
$4,995,000
Listing ID #24389693
Basic Details
Status : Active
DaysOnMarket : 77
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24389693
Price : $4,995,000
Living Area : 4,858 Sqft
Lot Size : 3,151 Sqft
Year Built : 1973
Country : US
State : California
County : Los Angeles
City : Marina del Rey
Zipcode : 90292
Price Per Square Foot : $1,028
ModificationTimestamp : 2024-07-25 12:37:57
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent