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 5,739 sqft
Price per Sqft $836
MLS Listing ID 25586177
Style Contemporary
Bedrooms 7
Year Built 1973
Lot Size 3,151 Sqft
Property Sub-Type Multi-Family
Property Description
Location! Location! Location! Rare opportunity to own a 5-unit income property on the Marina del Rey Peninsula, just steps from the sand, in close proximity to the marina, Venice Beach, and all the best of beachside living. This prime coastal asset blends updated interiors, recent building improvements, and strong rental demand in one of Los Angeles' most desirable neighborhoods. The property offers a mix of renovated and newly leased units, with four out of five designated "Luxury Exempt" and not subject to rent control restrictions. Units 2 & 3 have been fully renovated and have a STR permit, while Units 4 & 5 were just leased at market rate, and Unit 1 is occupied by a long-term tenant providing a stable income. Additional highlights include a recently completed seismic retrofit, updated low-maintenance landscaping, garage parking options, and unbeatable proximity to the beach, restaurants, and local entertainment.With its sought-after Marina Peninsula location and combination of stability and upside, this property is a standout opportunity for investors or exchange buyers seeking a turn-key coastal asset. 5-6% CAP RATE POTENTIAL ... MOTIVATED SELLER- REVIEWING ALL OFFERS
Location
State CA
County Los Angeles
Area Marina Del Rey
Zoning LAR3
Rooms
Other Rooms None
Dining Room 0
Interior
Heating Central
Cooling Ceiling Fan
Flooring Mixed
Equipment Ceiling Fan, Dishwasher, Dryer, Microwave, Garbage Disposal, Washer, Refrigerator, Range/Oven
Laundry Community, In Unit, Laundry Area
Exterior
Parking Features Garage - 4+ Car
Garage Spaces 8.0
Building
Story 3
Foundation Block
Others
Special Listing Condition Standard