Marina Del Rey CA Real Estate & Commercial for Sale

Phenomenal opportunity to own a legal 5-unit property on the Marina Peninsula! 1 block south of the famous Venice Pier and Washington Square. Minutes from the Venice Boardwalk, Abbot Kinney, and Venice Canals. Built in 1970, the property is under LARSO/LA City Rent Control. This building is comprised of 4 market rate units and 1 moderate income unit. 4 of the 5 units are currently rented. The building has a 2 bed + 1 bath Moderate Income Unit (UDU) on the ground floor, the middle floor has a 1 bed + 1 bath & 2 bed + 2 bath, and the top floor has a 1 bed, loft + 2 bath & 2 bed, loft + 2 bath. The top floor units have stunning ocean views with spacious private roof decks. Units 1 & 2 have A/C & heat. Unit 3, 4 & 5 have heat. 8 car carport parking. Seismic retrofit has been completed in the carport. Large private patio along walk street. Great investment property or owner user opportunity.

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.

Don't miss this rare opportunity to own prime office space, only one block from the beach on the Marina del Rey Peninsula. Property has been subdivided into two units, each with their own bathroom, complete with showers, and separate entrances onto the spacious covered patio area. This commercial property can be used as your own work space in this ideal beach setting.