14 Mast Street, Marina del Rey CA, 90292

Active

14 Mast Street

Marina del Rey CA, 90292

$4,995,000

$1,028.20 per sqft

Active

7 Beds

7 Baths

4,858 sqft

Residential

Built in 1973

Listed by James Allan with Compass 310-704-0007

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.

24389693

MLSⓇ ID

May 9, 2024

Listed

August 30, 2024

Updated

Map

14 Mast Street
Marina del Rey CA, 90292

Interior Features

Total Stories: 3
Bedrooms: 7
Total Bathrooms: 7
Interior Features: Cathedral Ceiling(s), Multiple Staircases
Appliances: Dishwasher, Microwave, Oven, Refrigerator
Laundry Description: Common Area, Inside
Fireplace: Yes
Fireplace Description: Den
Cooling: No
Cooling Description: None
Heating: No

Exterior/Building Features

Lot Size: 0.07 Acres
Architectual Style: Contemporary
Sewer: Other

Other Property Details

Area Name: C12 - Marina Del Rey
Days on Market: 77
Garage: Yes
Garage Spaces: 7
Parking: Door-Multi, Door-Single, Garage, Uncovered
Parking Total: 8
View: Yes
View Description: Coastline, Ocean
County: Los Angeles
Pool: No
Zoning: LAR3

Listing Contact: 310-437-7500

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/30/2024 at 7:07 PM UTC