14 Mast Street, Marina del Rey, CA 90292 (MLS # 22221681)
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. One of the fastest booming area's becoming the new tech capital of California. Cap rate 3.7 and Gross income of $256,800 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 $328,800.00 with a 5 CAP. Two units can be delivered vacant at the close of escrow.
Property Type(s):
Residential Income
|
Last Updated
|
3/30/2023
|
Year Built
|
1973
|
|
Community
|
Marina Del Rey
|
Garage Spaces
|
7.0
|
|
County
|
Los Angeles
|
Price History
|
Prior to Feb 24, '23
|
$5,095,000 |
|
Feb 24, '23 - Mar 30, '23 |
$4,995,000 |
| Mar 30, '23 - Today |
$4,895,000 |
Additional Details
| AIR |
None |
| APPLIANCES |
Dishwasher, Microwave, Oven, Refrigerator |
| AREA |
Marina Del Rey |
| FIREPLACE |
Yes |
| GARAGE |
Door-Multi, Door-Single, Garage, Uncovered, Yes |
| INTERIOR |
Cathedral Ceiling(s), Multiple Staircases |
| LOT |
3151 sq ft |
| PARKING |
Door-Multi,Door-Single,Garage,Uncovered |
| SEWER |
Other |
| STORIES |
3 |
| STYLE |
Contemporary |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Coastline,Ocean |
| ZONING |
LAR3 |
Location
Listed with Compass
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/1/23 11:01 AM PDT 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
This IDX solution is (c) Diverse Solutions 2023.
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