Address
12 Catamaran Street Marina del Rey, CA
Price
$ 2,900,000
Property Attributes
- MLS#SB19257683
- TypePending
- CountyLOS ANGELES
- CityMarina del Rey
- AreaMarina Del Rey
- Zip90292
- Style
- Price$ 2,900,000
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms0
- Lot Size3,049 SqFt
Listing Provided Courtesy Of:
Nico Rosmarin with Lyon Stahl Investment Real Estate, Inc..
Data Source:
CRMLS
Property 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.
| Price History | |
|---|---|
| 11/4/2019 | Listed $2,950,000 |
| 12/5/2019 | 2% - $2,900,000 |
General Features
| Community Features | Urban |
|---|---|
| Garage Spaces | 3 |
| Garage Y/N | Yes |
| MLS Area | C12 - Marina Del Rey |
| Pool Features | None |
| Property Attached Y/N | Yes |
| Property Type | Residential Income |
| Sewer | Public Sewer |
| Terms | Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit |
| Total Actual Rent | 23280 |
| Total Units | 4 |
| Water Sewer Expense | 650 |
| Zoning | LAR3 |
Interior Features
| Common Walls | 2+ Common Walls |
|---|---|
| Laundry Features | Common Area |
Exterior Features
| Lot Features | 0-1 Unit/Acre |
|---|---|
| Lot Size Acres | 0.07 |
| Lot Size Area | 3071 |
| Lot Size Square Feet | 3071 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Number of Separate Electric Meters | 4 |
| Number of Separate Gas Meters | 4 |
| Number of Separate Water Meters | 1 |
| Total Parking | 7 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 90292
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of April 17, 2021 5:51 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
