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$5,290,000
Est. payment /mo
5,739 SqFt
OPEN HOUSE
Sat Jul 26, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,739 sqft
Price per Sqft $921
MLS Listing ID CL25532907
HOA Y/N No
Year Built 1973
Lot Size 3,151 Sqft
Acres 0.07
Property Sub-Type Other
Property Description
Prime Marina Income Property - Steps from the Beach! MOTIVATED SELLER- REVIEWING ALL OFFERS - 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! 5-6% CAP RATE POTENTIAL ... Ideal for investors seeking coastal upside in a premier Marina location.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Laundry Common Area
Exterior
View Y/N true
View Other, Ocean
Building
New Construction No
Others
Tax ID 4294003002
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Listed by Vanessa Van Overmeer • Compass
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