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Natalie Miranda
marketing@thewhipplegroup.com$ 5,000,000
Est. payment | /mo
3,149 Sqft Lot
$ 5,000,000
Est. payment | /mo
3,149 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25586071
HOA Y/N No
Year Built 1973
Lot Size 3,149 Sqft
Property Description
Prime Marina Income Property - Steps from the Beach! - Rare investment opportunity featuring 5 recently retrofitted units just moments from the sand. This low-rise, 3-story multifamily property offers stunning ocean views from the large rooftop deck of the townhouse units, along with a rare 7-car garage, bonus loft or work space and ample natural light in each unit. The mix includes (2) one-bedroom + loft units, (2) two-bedroom + loft units, and (1) one-bedroom/one-bath unit, 4 of which are luxury exempt, so no rent control. If you are looking for the perfect 1031 exchange, short-term rental income, or a profitable investment you can't miss this opportunity! 5-6% CAP RATE POTENTIAL ... Ideal for investors seeking coastal upside in a premier Marina location. MOTIVATED SELLER- REVIEWING ALL OFFERS
Location
State CA
County Los Angeles
Area C12 - Marina Del Rey
Zoning LAR3
Interior
Heating Central, Fireplace(s)
Fireplace No
Laundry Common Area
Exterior
Roof Type Concrete,Flat
Total Parking Spaces 8
Building
Lot Description Corner Lot, Front Yard, Value In Land
Story 3
Others
Tax ID 4294003002
Special Listing Condition Standard
Listed by Vanessa Van Overmeer Compass
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Natalie Miranda
Marketing Director | License ID: 02122928