Marina Del Rey, CA 90292,14 Mast St
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Marina Del Rey, CA 90292,14 Mast St
Marina Del Rey, CA 90292,14 Mast St
Marina Del Rey, CA 90292,14 Mast St
Marina Del Rey, CA 90292,14 Mast St
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$ 4,800,000
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Price Dropped by $200K

14 Mast St Marina Del Rey, CA 90292

7 Beds

7 Baths

5,739 SqFt


UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,739 sqft

Price per Sqft $836

MLS Listing ID 25586071

Bedrooms 7

Year Built 1973

Lot Size 3,151 Sqft

Acres 0.0723

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

Interior

Heating Central, Fireplace

Laundry Community, In Unit, Laundry Area

Exterior

Garage Spaces 8.0

Roof Type Concrete, Flat

Building

Story 3

Structure Type Concrete

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Compass
Donny Piwowarski

Donny Piwowarski

Broker | License ID: 01444374

+1(844) 437-4969

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14 Mast St