This Multifamily Property is Off-Market.

#12 CATAMARAN
Marina Del Rey, CA 90292 ·

4 Units · Multifamily For Sale

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MARINA DEL REY 4-PLEX

Price N/A Property Use Type Vacant/Owner-User
No. Units 4 Cap Rate 5%
Building Size 3,000 SF Gross Rent Multiplier 6.20
Property Type Multifamily Year Built 1965
Property Sub-type Duplex/Triplex/Fourplex Lot Size 0.07 AC
Listing ID: 4351308 Date Created: 08/09/2000 Last Updated: 09/22/2001

Description

STEPS FROM BEACH! NO RENT CONTROL! HI DEMAND AREA - NEVER A VACANCY. RENTS ARE LOW & CAN BE RAISED. SAME OWNER 20 YEARS. NEW ROOF, STAIRS, DECK, GARAGE DOORS & PAINT. CORNER LOT WITH ACCESS FROM 3 SIDES - CONDO DEVELOPMENT POTENTIAL. LOTS OF PARKING - IMPORTANT. OWNERS UNIT WITH LAUNDRY ROOM. RAISE RENTS & MAKE MONEY. PROPERTY LIKE THIS IS HARD TO FIND. DO NOT DISTURB TENANTS. SHOW OUTSIDE & MAKE OFFER SUBJECT TO INSPECTION. INSIDE UNITS ALL REDONE.

MARINA DEL REY PENNINSULA-VERY HIGH INCOME AREA-VERY MUCH IN DEMAND AS PLACE TO LIVE. SMALL SUPPLY YIELDS HIGH PRICES FOR PROPERTY AND HIGH RENTS. TENANTS ALL UPPER INCOME - NO VACANCY OR CREDIT LOSSES. POTENTIAL CONDOMINIUM SITE WITH ACCESS ON 3 STREET SIDES FOR EASY BUILDING - ACROSS STREET FROM WATER. OPEN ACCESS TO BEACH.

Research

#12 CATAMARAN, Marina Del Rey, CA 90292 (Los Angeles County)

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