14 Mast - Apartments FOR SALE


Marina Del Rey, CA 90292
$4,495,000 USD
310-704-0007
14 Mast, Marina Del Rey, CA for Sale
$4,495,000 USD
Apartments - FOR SALE
1/61
null | 5.3% Cap Rate

14 Mast
Marina Del Rey, CA 90292


HIGHLIGHTS

  • Priced to Sell!
  • Trophy 5 Unit on the Marina Peninsula
  • $309,120 Gross Income l CAP 5.3% l GRM 14.54
  • All units can be delivered vacant

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$4,495,000 USD

PRICE/SF

$925 USD /SF

# OF UNITS

5

PRICE/UNIT

$899,000

CAP RATE

5.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1973

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LAR3

APN/PARCEL ID

4294-003-002

ASK ABOUT THIS PROPERTY

James AllanCompassMore Info
310-704-0007

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James AllanCompassMore Info
310-704-0007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.