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Map
$4,962,960*
●
Multifamily -
Off Market
14 Mast St
Marina Del Rey, CA 90292
7 Beds
0 Bath
$4,406,000 - $5,384,000
Reference Base Price*
1.39%
Since Jul 1, 2023
CA-Los Angeles
Primary Model
About This Property
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. One of the
fastest booming area's becoming the new tech capital of California.
Cap rate 3.7 and Gross income of $256,800 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 $328,800.00 with a 5 CAP. Two units can be
delivered vacant at the close of escrow.
Unit Size
-
Days on Market
-
Land Size
0.07 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1973
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jun 15, 2023 | No longer available | - | |
No longer available | |||
Mar 31, 2023 | Price Decreased |
$4,895,000
↓ $100K
(2%)
|
|
Price Decreased | |||
Feb 25, 2023 | Price Decreased |
$4,995,000
↓ $100K
(2%)
|
|
Price Decreased | |||
Dec 1, 2022 | Listed | $5,095,000 | |
Listed | |||
Mar 2, 2021 | Sold to Paul H Morady | $3,650,000 | |
Sold to Paul H Morady |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Condo
2
Beds
2.5
Baths
1,900 ft²
$2,105/ft²
$3,999,995
Mar 15, 2023
-
$795/mo
Active
Condo
2
Beds
2.5
Baths
2,346 ft²
$1,700/ft²
$3,988,000
Jun 9, 2022
-
$845/mo
Active
Condo
2
Beds
2.5
Baths
2,004 ft²
$1,996/ft²
$3,999,999
Apr 1, 2023
-
$1,035/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
12/01/2022
|
|
7 Bed
|
-
|
-
|
$5,095,000
7 Bed
-
|
-
10/13/2023
|
James Allan
Compass
|
|
08/09/2020
|
|
Studio
|
-
|
-
|
$3,995,000
Studio
-
|
$3,650,000
-8.64%
03/02/2021
|
James Allan
|
Building Info
About West Los Angeles
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