14 Mast St Active Save Request In-Person Tour Request Virtual Tour
Marina Del Rey,CA 90292
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,858 sqft
Price per Sqft $1,028
MLS Listing ID 24-389693
Style Contemporary
Bedrooms 7
Construction Status Updated/Remodeled
Year Built 1973
Lot Size 3,151 Sqft
Acres 0.0723
Property Description
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. Most units can be delivered vacant, please inquire.
Location
State CA
County Los Angeles
Area Marina Del Rey
Zoning LAR3
Rooms
Other Rooms None
Kitchen Granite Counters
Interior
Interior Features 2 Staircases, Cathedral-Vaulted Ceilings
Heating Wall Gas
Cooling None
Fireplaces Type Den
Equipment Dishwasher, Range/Oven, Refrigerator
Laundry Community, Inside, In Unit
Exterior
Garage Garage - 1 Car, Garage - 2 Car, Uncovered
Garage Spaces 8.0
View Y/N Yes
View Coastline, Ocean
Building
Story 3
Sewer In Street
Water In Street
Architectural Style Contemporary
Level or Stories Multi/Split
Construction Status Updated/Remodeled
Others
Special Listing Condition Standard