PRICE $4,995,000 dsIDX morgage calculator
BEDS 7
BATHS 7
HOME SIZE 4,858 sqft
LOT SIZE 3,150 sqft

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.

DAYS ON MARKET 11 LAST UPDATED 5/9/2024
YEAR BUILT 1973 COMMUNITY Marina Del Rey
GARAGE SPACES 7.0 COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
APPLIANCES Dishwasher, Microwave, Oven, Refrigerator
AREA Marina Del Rey
BUYER'S BROKERAGE COMPENSATION
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
MORTGAGE CALCULATOR
   

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