Active
14 Mast St
Marina Del Rey CA, 90292
$4,995,000
$1,028.20 per sqft
Active
7 Beds
7 Baths
4,858 sqft
Multi-family
Built in 1973
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.
24-389693
MLSⓇ ID
May 9, 2024
Listed
August 23, 2024
Updated
Map
14 Mast St
Marina Del Rey CA, 90292
Interior Features
Total Stories
3
Bedrooms
7
Total Bathrooms
7
Interior Features
2 Staircases, Cathedral-Vaulted Ceilings
Appliances
Dishwasher, Range/Oven, Refrigerator
Laundry Description
Community, Inside, In Unit
Fireplace
Yes
Fireplace Description
Den
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Gas
Exterior/Building Features
Lot Size
0.07 Acres
Architectual Style
Contemporary
Sewer
In Street
Other Property Details
Area Name
Marina Del Rey
Days on Market
96
Garage
Yes
Garage Spaces
7
Parking
Garage - 1 Car, Garage - 2 Car, Uncovered
Parking Total
8
View
Yes
View Description
Coastline, Ocean
County
Los Angeles
Water Source
In Street
Pool
No
Zoning
LAR3
Listed by James Allan with Compass
Listing Contact: 310-704-0007
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Shelhee Gal | CA DRE# 01721758 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 8/23/2024