Active

14 Mast St

Marina Del Rey CA, 90292

$4,995,000


$1,028.20 per sqft

Active

7 Beds

7 Baths

4,858 sqft

Residential

Built in 1973

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. Two units can be delivered vacant at the close of escrow.

24-389693

MLS ID

May 9, 2024

Listed

May 17, 2024

Updated

Map

14 Mast St
Marina Del Rey CA, 90292

Interior Features

Total Stories

3


Bedrooms

7


Total Bathrooms

7


Interior Features

2 Staircases, Cathedral-Vaulted Ceilings


Appliances

Dishwasher, Range/Oven, Refrigerator


Laundry Description

Community, Inside, In Unit


Fireplace

Yes


Fireplace Description

Den


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Gas

Exterior/Building Features

Lot Size

0.07 Acres


Architectual Style

Contemporary


Sewer

In Street

Other Property Details

Area Name

Marina Del Rey


Days on Market

8


Garage

Yes


Garage Spaces

7


Parking

Garage - 1 Car, Garage - 2 Car, Uncovered


Parking Total

8


View

Yes


View Description

Coastline, Ocean


County

Los Angeles


Water Source

In Street


Pool

No


Zoning

LAR3

Listed by James Allan with Compass
Listing Contact: 310-704-0007 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Shamon Shamonki shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 5/17/2024

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