Price $1,495,000
Status Active
Beds 0
Baths 0 Bath
Home size 1,140 sqft
Lot Size 2,501 sqft
Days on Market 187
Price reduced $50K for immediate sale before year-end... Best priced duplex in MDR/Venice with unique commercial C2/R4 zoning presents a creative investor with a ton of repositioning options. Lyon Stahl RE is pleased to present this duplex (legally a triplex) at 740 Washington Blvd, Marina del Rey 90292. Featuring a front 1 Bedroom 1 Bath unit with a private front yard currently renting for $1,194/mth & a rear 2+2 unit rented for $2,995/mth for a current gross income of $4,189/month; $50,268/year. At our reduced $1.495 asking price, the property is priced at: $747,500/unit; a 29.74 current GRM; a 19.17 market GRM; a 1.72% current CAP; a 3.42% market CAP, and $1,311/SF. The property also has a large two-car garage in the rear alley. Unique 2,500sf lot with commercial C2/R4 zoning allowing for a wide variety of mixed-uses & live/work opportunities. It also presents a great owner-user opportunity to acquire a multi-unit property with solid rental income for a lower price than most single-family homes locally! Located in an A+ location at the heart of Silicon Beach & only a short walk or bike ride from all of the Marina & Venice's hippest restaurants; shops; bars; entertainment; outdoor activities and the beach. Walking distance to Coeur d' Alene Avenue School & St. Mark School, as well as Triangle Park & the Marvin Braude Bike Path.
Property Type(s): Residential Income
Last Updated 11/13/2019 Year Built 1953
Community C12 - Marina Del Rey County Los Angeles

Price History

Prior to Jun 6, '19 $1,550,000
Jun 6, '19 - Jul 18, '19 $1,525,000
Jul 18, '19 - Nov 13, '19 $1,499,000
Nov 13, '19 - Today $1,495,000

Additional Details

AREA C12 - Marina Del Rey
GARAGE Garage
HOA DUES 0.00
LOT 2500 sq ft
LOT DESCRIPTION 0-1 Unit/Acre
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
WATER Public
ZONING LAC2

Location

 

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Listing provided by : Matthew Dunfrund CalDRE: 01785161, Lyon Stahl Investment Real Estate, Inc.

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Based on information from California Regional Multiple Listing Service, Inc. as of 11/22/19 2:01 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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