14 Mast Street, Marina del Rey, CA 90292
-
Listed Price :
$4,995,000
-
Beds :
7
-
Baths :
7
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Property Size :
4,858 sqft
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Year Built :
1973
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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Inside |
| Bedroom Information |
| Bedrooms |
7 |
| Bathroom Information |
| Bathrooms |
7 |
| Interior Information |
| Features |
Cathedral Ceiling(s), Multiple Staircases |
| Cooling Type |
None |
Listing Information
| Address |
14 Mast Street |
| City |
Marina del Rey |
| State |
CA |
| Zip |
90292 |
| County |
Los Angeles |
| Listing Agent |
James Allan DRE #01180635 |
| Courtesy Of |
Compass |
| List Price |
$4,995,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
4,858 |
| Lot Size |
3,151 |
| Year Built |
1973 |
Listing information courtesy of: James Allan, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Jul 25th, 2024 at 7:39 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
