Marina del Rey, CA 90292 14 Mast Street
$4,995,000
53 more
Presented By: James Allan with Compass;
Home Details
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.
Presented By: James Allan with Compass;
Interior Features for 14 Mast Street
Bedrooms
Total Bedrooms7
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths7
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace FeaturesDen
Fireplace Y/NYes
Heating Y/NNo
Laundry FeaturesCommonArea, Inside
Total Stories3
General for 14 Mast Street
Additional Parcels Y/NNo
AppliancesDishwasher, Microwave, Oven, Refrigerator
Architectural StyleContemporary
Attached Garage No
Cap Rate4.5
Carport Y/NNo
CityMarina del Rey
CoolingNone
CountyLos Angeles
Days on Market96
DirectionsWest of Pacific, South of Washington
DisclosuresCoastalCommissionRestrictions
Full Baths
Garage Spaces7.0
Garage Y/NYes
Gross Income298920.0
Home Owner AssocNo
Home Warranty Y/NNo
Interior FeaturesCathedralCeilings, MultipleStaircases
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet3151.0
Lot Size UnitsSquareFeet
MLS AreaC12 - Marina Del Rey
MobileHomeRemainsYNNo
Net Operating Income225782.0
New ConstructionNo
NumberOfUnitsTotal5
Open Parking Spaces1.0
Private PoolNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerOther
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
ViewCoastline, Ocean
View Y/NYes
Waterfront Y/NNo
Year Built1973
ZoningLAR3
Exterior for 14 Mast Street
Building Area Total4858.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.0723
Lot Size Area3151.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesDoorMulti, DoorSingle, Garage, Uncovered
SpaNo
Total Parking8.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480