14 Mast Street

Marina Del Rey, CA 90292

$4,995,000

List Price

7

bed Beds

7

shower Baths

4,858 sqft

straighten / sqft

1973

calendar_month Built

Property Description

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.

Listing Information

List Price $4,995,000
Status Active
MLS 24389693
Type Residential Income
Year Built 1973
Lot Size 3,151
Structure Size 4,858
DOM 160
Courtesy Of Compass
Listing Agent James Allan DRE#01180635

Interior Features

Laundry Information
Location(s) Common Area, Inside
Kitchen Information
Features Granite Counters
Total Bedroom
Bedrooms 7
Total Bathroom
Bathrooms 7
Fireplace Information
Features Den
Additional Information
Additional Features Cathedral Ceiling(s), Multiple Staircases
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: James Allan, Compass 310-704-0007. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 16th, 2024 at 7:51 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.