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Tracy Thrower Conyers

team@homesforsalebeachcities.com +1(424) 229-1634

$4,495,000

Est. payment - /mo

7 Beds

7 Baths

4,858 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,858 sqft

Price per Sqft $925

MLS Listing ID 26695459

Bedrooms 7

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1973

Lot Size 3,149 Sqft

Property Description

Priced for Quick Sale!! Rare Silicon Beach Investment Property, 5 unit Building on the Marina Peninsula. 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 5.3 and Gross income of $309,120 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. 4 Units are Luxury exempt and not subject to rent control restrictions. Earthquake retrofit has been completed. Potential to increase rents to $331,800 with a 5.8 CAP. All units can be delivered vacant.

Location

State CA

County Los Angeles

Area C12 - Marina Del Rey

Zoning LAR3

Interior

Interior Features Cathedral Ceiling(s), Multiple Staircases

Cooling None

Fireplaces Type Den

Fireplace Yes

Appliance Dishwasher, Microwave, Oven, Refrigerator

Laundry Common Area, Inside

Exterior

Parking Features Door-Multi, Door-Single, Garage, Uncovered

Garage Spaces 7.0

Garage Description 7.0

View Y/N Yes

View Coastline, Ocean

Total Parking Spaces 8

Building

Story 3

Entry Level Multi/Split

Sewer Other

Architectural Style Contemporary

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4294003002

Special Listing Condition Standard

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Listed by James Allan Compass #01180635

NEARBY SCHOOL & BUSINESS

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Tracy Thrower Conyers

+1(424) 229-1634

Broker Associate, JD | License ID: 01712960

Broker Associate, JD License ID: 01712960

14 Mast ST Marina Del Rey, CA 90292

Tracy Thrower Conyers

Key Details

Location

Interior

Exterior

Building

Others