PRIME VENICE BEACH GEM

3 UNITS - MARINA DEL REY, VENICE BEACH LOCATION 

Calling all owner-users and investors! This is a rare opportunity to purchase a charming triplex in the pristine Marina Del Rey Peninsula neighborhood. The location is fantastic, just a block away from the beach and within walking distance of the trendy restaurants and shops in the adjacent vibrant, hip neighborhood of Venice Beach. The property features three spacious units and a studio unit. The first unit is a two bedroom, three and a half bath townhouse, with its own front yard – perfect for gardening in the California sunshine. This would be a great residence for an owner-user who would like to live in one of the units and generate income from the additional two units. The other units include a three bedroom, three bath unit; a two bedroom, two bath unit; and the fourth studio unit (Non conforming). The building features three tandem parking spaces, a washer/dryer in each of the units (except the studio), and on-site storage. This property is not only charming, but it’s an excellent value add opportunity. By raising the current rents to market rates, there is approximately $7,500 per month or $90,000 per year in potential rent to be made. For those buyers looking to add value to fantastic property in an unbeatable location, this is an opportunity not to be missed! 

PRICE: $2,500,000 

THE PROPERTY AT A GLANCE 

Offering Price: $2,500,000 
Units: 3 (+4th non-conforming unit) 
Building Size: 3,928 SqFt 
Lot Size: 3,111 SqFt 
Parking: 3 Tandem Parking Spaces (6 Spaces) 
Year Built: 1966 
Price/Unit: $833,333 
Price/SqFt: $636.46 
Cap Rate: 2.1% 
GRM: 25.26 
Zoning: LAR3 
APN: 4225-008-015

HIGHLIGHTS

• Prime Marina Del Rey, Venice Beach location 

• One block to the beach 

• Value-add opportunity with significant upside 

• Walkable to amenities 

• Washer and dryer in the units 

• On-site storage