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26805067
27297907

14 Mast St, Los Angeles, CA 90292

Compass
MM
Compass
Listed by Compass
$4,395,000
269 days on market
Updated 59 days ago

14 Mast st

Details
APN 4294-003-002
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,739
Units 5
Cap Rate 5.09%
NOI $223,520
Price per SqFt $871
Year Built 1973
Stories 3
Acreage 0.072
Zoning LAR3
Parking Spaces 8 spaces
Parking Per SqFt 1.39

Turnkey 5-Unit Beachside Opportunity (Marina del Rey)

Marketing description

If You Are Looking for the Perfect 1031 Exchange, Short-term Rental Income, or a Profitable Investment You Can't Miss This Opportunity!

Prime Marina Income Property - Steps From the Beach! - Rare Investment Opportunity Featuring 5 Recently Retrofitted Units Just Moments From the Sand. This Low-rise, 3-story Multifamily Property Offers Stunning Ocean Views From the Large Rooftop Deck of the Townhouse Units, Along With a Rare 7-car Garage, Bonus Loft or Work Space and Ample Natural Light in Each Unit. The Mix Includes (2) One-bedroom + Loft Units, (2) Two-bedroom + Loft Units, and (1) One-bedroom/one-bath Unit, 4 of Which Are Luxury Exempt, So No Rent Control.

FULLY OCCUPIED/ TURN-KEY ... Ideal for investors seeking coastal upside in a premier Marina location…Motivated Seller/ Reviewing All Offers

Marina del Rey is a picturesque coastal community in Los Angeles County, known for its upscale. waterfront lifestyle and vibrant residential and commercial real estate market. Situated just south of Venice Beach and west of Culver City, it offers a unique blend of marina-side living, walkability and proximity to major employment centers in Silicon Beach.

Investment highlights

  • Recently Retrofitted
  • Recently Renovated Units
  • 7 Car Attached Garage w/ 1 Guest Spot Next to Building
  • 4 out of the 5 Units "Luxury Exempt/No Rent Control
  • Steps to the Beach

Listing Contacts

Compass
MM
Compass
Listed by Compass

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$223,520.00
$18,626.67/mo

Valuation Metrics

0
DSCR
5.09%
Cap Rate
5.09%
ROI

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Additional Information

Name
Vanessa Van Overmeer
License
02132301
Brokerage
Compass
Brokerage Phone
(310) 437-7500
Brokerage Address
2115 Main Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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