Prime Marina Income Property - Steps from the Beach! MOTIVATED SELLER- REVIEWING ALL OFFERS - Rare investment opportunity featuring 5 recently retrofitted units just moments from the sand. This low-rise, 3-story multifamily property offers stunning ocean views from the large rooftop deck of the townhouse units, along with a rare 7-car garage, bonus loft or work space and ample natural light in each unit. The mix includes (2) one-bedroom + loft units, (2) two-bedroom + loft units, and (1) one-bedroom/one-bath unit, 4 of which are luxury exempt, so no rent control. If you are looking for the perfect 1031 exchange, short-term rental income, or a profitable investment you can't miss this opportunity! 5-6% CAP RATE POTENTIAL ... Ideal for investors seeking coastal upside in a premier Marina location.
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Listing Snapshot
Price
$5,290,000
Days On Site
83 Days
Bedrooms
7
Inside Area (SqFt)
5,739 sqft
Total Baths
7
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.0723 Acres
Year Built
1973
MLS® Number
25532907
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
yesterday
Listing updated with changes from the MLS®
2 months ago
Price changed to $5,290,000
3 months ago
Listing first seen on site
General Features
Acres
0.0723
Disclosures
CoastalCommissionRestrictions
Garage
Yes
Garage Spaces
7
Number Of Stories
3
Parking
Private
Parking Spaces
8
Property Condition
Updated/Remodeled
Special Circumstances
Standard
SqFt Total
5739
Stories
Multi/Split
Style
Contemporary
Zoning
LAR3
Interior Features
Appliances
Dishwasher
Fireplace
Yes
Fireplace Features
DenLiving Room
Laundry Features
Common Area
Loft
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Exterior Features
Patio And Porch
Patio
View
Ocean
Waterview
Ocean
Community Features
MLS Area
C12 - Marina Del Rey
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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