CA > Marina Del Rey
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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3,149 Sqft Lot
Price Dropped by $200K

14 Mast ST Marina Del Rey, CA 90292

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Brian Winter

Brian Winter

+1(559) 737-2923

UPDATED:

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

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 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

CRMLS – RECore
Listed by Vanessa Van Overmeer Compass

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Brian Winter

Brian Winter

Agent | License ID: 0200992

+1(559) 737-2923

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14 Mast ST

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