$4995000 Price Analysis   ♡   Marina del Rey, CA 90292 7 bed 7 bath 4858 SqFt ($1028/SqFt) 3151SqFt lot. Built 1973 Listed 2024-05-09, Taxes $44311 | Ⓧ USDA Ineligible due to price & location near Marina del Rey |
Great opportunity to own a rare Silicon Beach 5 unit Building on the Marina Peninsula with many possibilities.
Located on a pleasing walk street, steps to the beach, close to all the popular restaurants and shops in Venice and Marina Del Rey. All Brand 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 tremendous 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 spectcular 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 pleasing 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 at
COMPASS.
Property MLS #24-389693 from TheMLSCLAW
Full Bathrooms: 7
Cathedral-Vaulted Ceilings
Microwave
Laundry Facilities: Community, Inside, In Unit
Laundry Features: Community, Inside, In Unit
Kitchen Features: Granite Counters
Heating Features: Wall Gas
Garage Spaces: 7
Garage Description: Garage - 1 Car, Garage - 2 Car, Uncovered
Parking Total: 8
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 3151
Other Equipment: Dishwasher, Range/Oven, Refrigerator
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2, 1 SquareFeet: 7000, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 5500, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 7000, 4 BedsTotal: 2, 4 BathsTotal: 2, 4 SquareFeet: 7000, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 2500
County: Los Angeles
Cap Rate: 4.5
Directions: West of Pacific, South of Washington
Source Property Type: Residential Income
Area: Marina Del Rey
Source Neighborhood: Marina Del Rey
Parcel Number: 4294-003-002
Postal Code Plus 4: 5978
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1116900 + $2606100 $3723000 | $44311 |
| 2021 | $447513 + $471067 $918580 | $11663 |
| 2020 | $442925 + $466237 $909162 | $11770 |
| 2019 | $434241 + $457096 $891337 | $11328 |
| 2018 | $425727 + $448134 $873861 | $11260 |
| 2017 | $417380 + $439348 $856728 | $10983 |
| 2016 | $409197 + $430734 $839931 | $10679 |
| 2015 | $403051 + $424264 $827315 | $10530 |
| 2014 | $395156 + $415954 $811110 | $10589 |
| 2013 | $393371 + $414075 $807446 | $10574 |
| 2012 | $385658 + $405956 $791614 | $10712 |
| 2010 | $378097 + $397997 $776094 | $10418 |
| 2009 | $376164 + $395962 $772126 | $10039 |
| 2009 | $375272 + $395023 $770295 | $10039 |
| 2008 | $368789 + $388199 $756988 | $9625 |
| 2007 | $361558 + $380588 $742146 | $9295 |
$4995000
TheMLSCLAW
Listing removed 2023-06-16
$0
TheMLSCLAW
Price Changed 2023-03-30
$4895000
TheMLSCLAW
Price Changed 2023-02-24
$4995000
TheMLSCLAW
Listed 2022-12-01
$5095000
TheMLSCLAW
Sold 2021-03-02
$3650000
TheMLSCLAW
Listing removed 2008-02-27
$3125000
ITECH
Listed 2007-06-21
$3125000
ITECH
Sold 1994-03-01
$558000
Public Record
Year Built: 1973
Levels: Multi Levels
Living Area Source: Owner
Property Age: 51
Property Condition: Updated/Remodeled
Levels or Stories: 3
Building Total Stories: 3
House Style: Contemporary
Year Built Source: Vendor Enhanced
Architectural Style: Contemporary
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.