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.
Property Details
Price:
$4,995,000
MLS #:
24389693
Status:
Active
Baths:
0
Address:
14 Mast Street
Type:
Residential Income
Neighborhood:
c12marinadelrey
City:
Marina del Rey
Listed Date:
May 9, 2024
State:
CA
ZIP:
90292
Lot Size:
3,151 sqft / 0.07 acres (approx)
Year Built:
1973
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Mortgage Calculator
Schools
Interior
Appliances
Dishwasher, Refrigerator, Oven, Microwave
Cooling
None
Fireplace Features
Den
Interior Features
2 Staircases, Cathedral Ceiling(s)
Exterior
Garage Spaces
7.00
Parking Features
Garage – Single Door, Garage – Two Door, Uncovered
Parking Spots
8.00
Sewer
Other
Stories Total
3
View
Coastline, Ocean
Financial
Map
Community
- Address14 Mast Street Marina del Rey CA
- AreaC12 – Marina Del Rey
- CityMarina del Rey
- CountyLos Angeles
- Zip Code90292
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14 Mast Street
Marina del Rey, CA
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