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Sharlotte Blake

sharlotteblake@me.com +1(323) 219-1101

$4,800,000

Est. payment - /mo

7 Beds

7 Baths

5,739 SqFt

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Sat Oct 04, 2:00pm - 4:00pm

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,739 sqft

Price per Sqft $836

MLS Listing ID 25586177

Bedrooms 7

HOA Y/N No

Year Built 1973

Lot Size 3,149 Sqft

Property Description

Location! Location! Location! Rare opportunity to own a 5-unit income property on the Marina del Rey Peninsula, just steps from the sand, in close proximity to the marina, Venice Beach, and all the best of beachside living. This prime coastal asset blends updated interiors, recent building improvements, and strong rental demand in one of Los Angeles' most desirable neighborhoods. The property offers a mix of renovated and newly leased units, with four out of five designated "Luxury Exempt" and not subject to rent control restrictions. Units 2 & 3 have been fully renovated and have a STR permit, while Units 4 & 5 were just leased at market rate, and Unit 1 is occupied by a long-term tenant providing a stable income. Additional highlights include a recently completed seismic retrofit, updated low-maintenance landscaping, garage parking options, and unbeatable proximity to the beach, restaurants, and local entertainment.With its sought-after Marina Peninsula location and combination of stability and upside, this property is a standout opportunity for investors or exchange buyers seeking a turn-key coastal asset. 5-6% CAP RATE POTENTIAL ... MOTIVATED SELLER- REVIEWING ALL OFFERS

Location

State CA

County Los Angeles

Area C12 - Marina Del Rey

Zoning LAR3

Interior

Interior Features Ceiling Fan(s), High Ceilings, Loft

Heating Central

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Laundry Common Area

Exterior

Garage Spaces 7.0

Carport Spaces 1

Garage Description 7.0

Porch Rooftop

Total Parking Spaces 8

Building

Story 3

Entry Level Multi/Split

Foundation Block

Architectural Style Contemporary

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4294003002

Special Listing Condition Standard

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Listed by Vanessa Van Overmeer Compass

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Sharlotte Blake

+1(323) 219-1101

Broker Associate | License ID: 02035876

Broker Associate License ID: 02035876

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Los Angeles, CA

14 Mast ST Marina Del Rey, CA 90292

Sharlotte Blake

Open House

Key Details

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14 Mast ST