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Listed by James Allan with Compass 310-704-0007
For Sale

14 Mast Street

14 Mast Street, Marina Del Rey, CA 90292

$4,495,000
Priced for Quick Sale!! Rare Silicon Beach Investment Property, 5 unit Building on the Marina Peninsula. 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 5.3 and Gross income of $309,120 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. 4 Units are Luxury exempt and not subject to rent control restrictions. Earthquake retrofit has been completed. Potential to increase rents to $331,800 with a 5.8 CAP. All units can be delivered vacant.

7
beds

7
baths

4,858 Sq.Ft. LIVING AREA

3,151 Sq.Ft. lot

James Allan

James Allan

Features & Amenities

Interior

  • total bedrooms7
  • Total bathrooms7
  • Laundry room Common Area, Inside
  • Fireplace Den
  • APPLIANCES Dishwasher, Microwave, Oven, Refrigerator
  • other interior Features Cathedral Ceiling(s), Multiple Staircases

Area & Lot

  • Status For Sale
  • Living Area4,858 Sq.Ft.
  • Total Area4,858 Sq.Ft.
  • Lot Area3,151 Sq.Ft.
  • MLS® ID26695459
  • TypeResidential
  • YEAR BUILT1973
  • NeighborhoodVenice
  • Architecture StylesContemporary
  • View DescriptionCoastline, Ocean

Exterior

  • STORIES3
  • Garage Space7.0
  • parkingDoor-Multi, Door-Single, Garage, Uncovered
  • AIR CONDITIONINGNone
  • sewerOther

Financial

  • Sales Price$4,495,000
  • Maintenance Fee $3,000/mo
  • Zoning LAR3
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Schedule a Showing

I would love to show you our beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

Thank you for your interest in 14 Mast Street, Marina Del Rey, CA 90292. We are reviewing your request and will be in touch shortly!
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Work With James

Experience the difference of working with a top real estate agent in Santa Monica. James Allan’s extensive knowledge, innovative marketing strategies, and strong negotiation skills have made him a leader in the luxury real estate market.

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Contact Details

James Allan | CA DRE# 01180635

Phone

(310) 704-0007

Email

[email protected]

Address

2115 Main St Santa Monica CA 90408

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