Property
Beds
7
Full Baths
None
1/2 Baths
None
Year Built
1973
Sq.Footage
5,739
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
Features & Amenities
Interior
-
Other Interior Features
Ceiling Fan(s), High Ceilings
-
Total Bedrooms
7
-
Bathrooms
N/A
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
7
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.0723
-
Property Type
Residential Income
-
Architectural Style
Contemporary
Price
-
Sales Price
$4,800,000
-
Sq. Footage
5, 739
-
Price/SqFt
$836
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
Foundation Details
Block
-
Senior Community YN
NO
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Vanessa Van Overmeer , Compass
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