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    14 Mast St

    Venice, CA 90292
    • $3,995,000
    • STATUS: Active
    • ON SITE: 44 days
    • ID#: 20-614820
    $3,995,000
    • 7
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,658
      SQFT
    • $858
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:

    School Ratings & Info

    Description

    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 3.75 and Gross income of $215,700 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. Landscaped garden area located on a beautiful walk street. 4 Units are Luxury exempt. Earthquake retrofit to be completed by 2024 by Buyer.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-23T23:42:31.58. 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.
    www.randyplaice.com/homes/108732869
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    14 Mast St Venice, CA 90292

    • Price: $3,995,000
    • Status: Active
    • ID#: 20-614820
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    4,658
    SQFT
    $858
    $/SQFT
    1973
    Built
    Neighborhood:
    Marina Del Rey
    County:
    Los Angeles
    Area:
    Marina Del Rey
    Property Description
    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 3.75 and Gross income of $215,700 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. Landscaped garden area located on a beautiful walk street. 4 Units are Luxury exempt. Earthquake retrofit to be completed by 2024 by Buyer.
    Exterior Features

    Covered Parking 7 Lot Size Area 3151 Other Structures None Parking Garage Garage - 1 CarGarage - 2 CarUncovered Style Contemporary Total Parking 8 View Description CoastlineOcean View YN Yes

    Interior Features

    Baths Total 7.00 Cooling None Equipment DishwasherRange/OvenRefrigerator Fireplace Rooms Den Heating Wall Gas

    Property Features

    Assessed Total Value 856728 Gross Income 215700 Gross Operating Income 201099 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Net Operating Income 151162.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Sewer In Street Source Living Area Owner Source Lot Size Area Vendor Enhanced Total Annual Expense 64537 Type Of Units Apartments Water In Street Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of James Allan DRE#01180635 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-23T23:42:31.58. 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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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355