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$ 4,800,000
Est. payment | /mo
3,149 Sqft Lot
$ 4,800,000
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
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
Listed by Vanessa Van Overmeer Compass
Joshua Tolar
Homeowner Advisor | Realtor | License ID: 02000924
+1(909) 525-2770 | josh@pivothomes.com