14 Mast Street, Marina del Rey, CA 90292

  • $4,995,000
  • $1,028
14 Mast Street, Marina del Rey, CA 90292
  • Residential Income
  • Property Type
  • 7
  • Bedrooms
  • 7
  • Bathrooms
  • 7.00
  • Garages
  • 4858.00
  • 1973
  • Year Built
For Sale
14 Mast Street, Marina del Rey, CA 90292
  • $4,995,000
  • $1,028

Overview

Property ID: SGR-32684259
  • Residential Income
  • Property Type
  • 7
  • Bedrooms
  • 7
  • Bathrooms
  • 7.00
  • Garages
  • 4858.00
  • 1973
  • Year Built

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. Two units can be delivered vacant at the close of escrow.

  • Address 14 Mast Street
  • City Marina del Rey
  • State/county CA
  • Zip/Postal Code 90292
  • Area C12 - Marina Del Rey
  • Country United States

Details

Updated on June 4, 2024 at 12:18 pm
  • Property ID: SGR-32684259
  • Price: $4,995,000
  • Property Size: 4858.00 m²
  • Land Area: 3151.00 m²
  • Bedrooms: 7
  • Bathrooms: 7
  • Garages: 7.00
  • Year Built: 1973
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 4858.00
  • MLS#: 24389693
  • Office Name: COMPASS
  • Agent Name: James Allan
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01180635

Additional details

  • View: Coastline,Ocean
  • Sewer: Other
  • Cooling: None
  • County: Los Angeles
  • Parking: 8.00

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