$2,900,000

12 Catamaran Street

Marina del Rey CA, 90292

Description

We are pleased to present 12 Catamaran Street, located in one of the most sought-after markets of Los Angeles-Marina del Rey. This 2,996 SF building was built in 1964 and is situated on a 3,071 SF lot. The property is comprised of two (2) two-bedroom/one-and-a-half-bathroom, one (1) one-bedroom/one-bathroom, and one (1) studio units. Three of the four units will be delivered vacant and the fourth unit can be vacated April of 2020, offering an investor or owner-user immediate rental upside. 12 Catamaran Street is EXEMPT FROM LOS ANGELES CITY RENT CONTROL, Seller can provide Certificate of Exemption. Additionally, the new vinyl windows were installed in 205 offering sound-proofing for all of the units. Ideally located, steps from the beach and a few blocks from Washington Boulevard, lined with renowned restaurants and bars - this opportunity will not last long. The property offers an astute investor or owner-user the opportunity to acquire a multifamily asset in one of the most desirable neighborhoods in all Southern California. By implementing a light renovation program and filling the units at market rents, 12 Catamaran Street is a truly unique and lucrative investment.

Details

MLS#SB19257683
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1965
Days On Site484

Features

SQ Feet2,996
Garage3
Acreage0.07
Water FrontNo
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Area Information
StateCA
CountyLos Angeles
CityMarina del Rey
Zip Code90292
AreaC12 - Marina Del Rey
Listing VS Median (in 90292)
Price:
$2,900,000
low | high
Med:
$7,100
100% of Average
SqFt:
2,996
low | high
Med:
1,500
99.933244325768% of Average
$ / SqFt:
$968
low | high
Med:
$5
100% of Average
On Site:
484
low | high
Med:
27
100% of Average
Sourced by Back At You
Listing Updated: February 8, 2021 8:28:48 AM PST
Nico Rosmarin LogoMLS Number: SB19257683
Listing Provided By:
Nico Rosmarin  of  Lyon Stahl Investment Real Estate Inc.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.