James Allan
This listing was posted on RealtyWW.
$4,995,000
Home For Sale In Marina Del Rey, California
Price:
$4,995,000
BR/BA:
7 BR, 7 BA
Location:
14 Mast St, Marina Del Rey, CA
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. Two units can be delivered vacant at the close of escrow.For more details: https://realtyww.info/homes_marina-del-rey-d25933/for-sale_i71768063
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More About this Listing: Home For Sale In Marina Del Rey, California
Home For Sale In Marina Del Rey, California is a Seven Bedroom 7.5 Bath Single-Family Homes for Sale at 14 Mast St in Marina Del Rey CA. Find other listings like Home For Sale In Marina Del Rey, California and listings near 14 Mast St by searching Oodle Classifieds for Seven Bedroom 7.5 Bath Single-Family Homes for Sale in Marina Del Rey CA.
Home For Sale In Marina Del Rey, California is a Seven Bedroom 7.5 Bath Single-Family Homes for Sale at 14 Mast St in Marina Del Rey CA. Find other listings like Home For Sale In Marina Del Rey, California and listings near 14 Mast St by searching Oodle Classifieds for Seven Bedroom 7.5 Bath Single-Family Homes for Sale in Marina Del Rey CA.