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$ 4,500,000
Est. payment /mo
Active
14 Mast Street Marina Del Rey, CA 90292
5,739 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,739 sqft
Price per Sqft $784
MLS Listing ID CL25586177
HOA Y/N No
Year Built 1973
Lot Size 3,151 Sqft
Acres 0.07
Property Sub-Type Other
Property Description
Location! Location! Location! Rare opportunity to own a 5-unit income, FULLY OCCUPIED 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. GOI: $290,420 ... MOTIVATED SELLER- REVIEWING ALL OFFERS
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Other
Fireplace No
Appliance Dryer
Laundry Common Area, Dryer, Washer
Building
New Construction No
Others
Tax ID 4294003002
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Listed by Vanessa Van Overmeer • Compass