14 Mast st, Marina Del Rey, CA 90292
Active
$5,290,000
12%
5 Units
7 Beds
7 Baths
5,739 Area(sq.ft.)
Lot: 3,151 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 7,750 | $ 6,449 | $ 7,750 |
| Unit 2 | 1 | 1 | 1 | No | $ 5,750 | $ 5,625 | $ 5,750 |
| Unit 3 | 1 | 1 | 1 | No | $ 5,250 | $ 5,250 | $ 5,250 |
| Unit 4 | 1 | 2 | 2 | No | $ 7,650 | $ 7,650 | $ 7,650 |
| Unit 5 | 1 | 1 | 1 | No | $ 4,500 | $ 4,500 | $ 4,500 |
| 5 | 7 | 7 | $ 30,900 | $ 29,474 | $ 30,900 |
| MLS #: | 25532907 |
| Days On Market: | 279 |
| Listing Date: | May 1, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 922 |
| Price per unit: | $ 1,058,000 |
| Year Built: | 1973 |
Property Details
Prime Marina Income Property - Steps from the Beach! MOTIVATED SELLER- REVIEWING ALL OFFERS BY 5/31/25- Rare investment opportunity featuring 5 recently retrofitted units just moments from the sand. This low-rise, 3-story multifamily property offers stunning ocean views from the large rooftop deck of the townhouse units, along with a rare 7-car garage, bonus loft or work space and ample natural light in each unit. The mix includes (2) one-bedroom + loft units, (2) two-bedroom + loft units, and (1) one-bedroom/one-bath unit, 4 of which are luxury exempt, so no rent control. If you are looking for the perfect 1031 exchange, short-term rental income, or a profitable investment you can't miss this opportunity! WILL BE DELIVERED VACANT & HAS 5-6% CAP RATE POTENTIAL ... Ideal for investors seeking coastal upside in a premier Marina location.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 370,040 |
| Total Annual Expense: | $ 55,788 |
| Net Operating Income: | $ 314,252 |
| Gross Annual Income: | $ 1,040 |
| Cap Rate: | 5.2% |
| Gross Rent Multiplier: | 16.38 |
| Actual Gross Rent: | $ 353,688 |
| Actual Gross Income: | $ 366,168 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Multi/Split |
| Style: | Contemporary |
| View Description: | Lagoon, Coastline, Ocean |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Private Garage |
Interior
| AC/Cooling: | Ceiling Fan |
| Equipment: | Dishwasher, Range/Oven |
| Heating: | Wall Gas |
| Fireplace Rooms: | Den, Living Room |
| Interior Features: | 2 Staircases |
| Laundry: | Community, In Unit |
| Laundry Income: | 200.00 |
| Patio Features: | Balcony, Roof Top Deck, Patio Open |
Exterior
Detailed Map
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