Prime Marina Income Property - Steps from the Beach! 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… Read More 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. Read Less
Property listed by Compass, Vanessa Van Overmeer 310-437-7500
Listing Snapshot
Days Online
7
Last Updated
Property Type
Other
Beds
7
Square Ft.
5,739
Lot Size
0.07 Acres
Year Built
1973
MLS Number
25532907
30 Days Snapshot Of 90292
$1.70M
+61%
(avg) sold price
18
+100%
homes sold
61
-42%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher
Building
Built in 1973, Building area total: 5,739, Levels: MultiSplit, Living area: 5739, 1 building, Architectural style: Contemporary
Expenses
Gardener expense: $1,200, Insurance expense: $6,000, New taxes expense: $47,388, Trash expense: $450, Water sewer expense: $750
Fireplaces
Den, LivingRoom
Garage
7 spaces
Income
Gross income: $1,040, Net operating income: $314,252
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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