Incredible opportunity to own a legal 3-unit property on the Marina Peninsula just steps to the beach! All 3 units are vacant and can generate great income. The building consists of two 1 bed + 1 bath units on the ground floor, each with private outdoor space & a 1 bed loft + 1.5 bath in the rear. All units have A/C & heat and in-unit laundry. The two front units have been completely remodeled with brand new appliances and finishes. The rear unit is in great shape and features a fireplace, tons of natural light, sauna, & enclosed deck. 3 car parking. Great investment property or owner user opportunity. This property is subject to LARSO/LA City Rent Control.
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.
Amazing opportunity to own a legal 3-unit property on the Marina Peninsula! Built in 1987, this property is not under LARSO/LA City Rent Control. Units A & B are currently rented and generating great income. Unit C is vacant. The building consists of a 2 bed + 2 bath ADU on the ground floor, 3 bed + 3 bath on the middle floor, & 3 bed, loft + 4 bath on the top floor. All units have A/C & heat. 6 car garage parking. In-unit laundry for each unit. Top floor unit has a huge private roof deck with ocean/city views. 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.
OCEAN VIEW ABOUND FROM THIS CORNER LOT!!!! Welcome to this Charming beach bungalow duplex that has been fully restored to its original architecturally Spanish splendor. This is the embodiment of multifaceted opportunity, nestled in the heart of the Marina del Rey Peninsula - a renowned coastal enclave known for its upscale, active, and laidback lifestyle. It serves as a gateway to a variety of water-based recreation, upscale dining, and shopping experiences. This restored Spanish-style duplex, enhanced with a delightful third bonus unit, presents an exceptional investment in lifestyle and financial well-being. Spanning 2,092 square feet across three distinct spaces set upon a 3,150 square foot lot, this property boasts a total of four bedrooms and four bathrooms, complemented by private carport parking for three vehicles. Its prime location on a picturesque walk street, mere steps from the sands, positions it as a crown jewel of the area, offering unparalleled access to the beach's serene beauty. The front unit is a testament to charm and comfort. It features one bedroom, one bathroom, and an open, airy floor plan on one-story. Hardwood floors guide you through to a private fenced front yard patio, where ocean views await. Modern conveniences such as a full kitchen, on-site laundry, and ample storage space ensure a lifestyle marked by rest and recreation. The rear unit, a light-filled renovated bungalow, features two bedrooms, two bathrooms, and modern finishes including stainless steel appliances and in-unit laundry. Its private entrance and parking space offer a secluded haven. The unique two-story middle unit introduces an added layer of luxury with its own bedroom over sized deck, offering private outdoor enjoyment and an additional perspective of the Marina Peninsula. The proximity to Venice Beach and a host of annual community events enriches the cultural fabric of the area, making it a coveted destination for residents and visitors alike. This is an incredible opportunity for an owner-occupant to supplement the mortgage with potential rental income, or simply a chance to invest in and experience coastal living, upscale amenities, and a tight-knit community spirit.
Marina Del Rey is located in California. Marina Del Rey, California has a population of 9,691. Marina Del Rey is less family-centric than the surrounding county with 8.51% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Marina Del Rey, California is $106,612. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Marina Del Rey is 39.1 years.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 45.5 degrees. The average rainfall is approximately 16.9 inches per year, with 0.3 inches of snow per year.
