14 Mast Street Active Save Request In-Person Tour Request Virtual Tour
Marina Del Rey,CA 90292
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,858 sqft
Price per Sqft $1,028
MLS Listing ID CL24389693
HOA Y/N No
Year Built 1973
Lot Size 3,151 Sqft
Acres 0.07
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 Listing
Zoning LAR3
Interior
Cooling None
Fireplace No
Laundry Community Facility,Inside
Exterior
Utilities Available Other Water/Sewer
View Y/N true
View Other,Ocean
Parking Type Other,Uncovered Parking Space
Building
Water Other
New Construction No
Others
Tax ID 4294003002