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14 Mast 5 Unit Apartment Building $4,495,000 ($899,000/Unit) 5.30% Cap Rate Marina Del Rey, CA 90292
Investment Highlights
- Priced to Sell!
- $309,120 Gross Income l CAP 5.3% l GRM 14.54
- Trophy 5 Unit on the Marina Peninsula
Executive Summary
Priced for Quick Sale!! Rare Silicon Beach Investment Property, 5 unit Building on the Marina Peninsula. Located on a beautiful walk street, steps to the beach, close to all the popular restaurants and shops in Venice and Marina Del Rey. All New York style lofts and recently remodeled units, complete with some sq ft expansion, common area remodel, Earthquake/ soft story retrofit and new garage doors. Cap rate 5.3 and Gross income of $309,120 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. Units 2 and 3 have been completely remodeled. 4 Units are Luxury exempt and not subject to rent control restrictions. Earthquake retrofit has been completed. Potential to increase rents to $331,800 with a 5.8 CAP.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$309,120
|
$63.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$309,120
|
$63.63
|
| Taxes |
$56,187
|
$11.57
|
| Operating Expenses |
$14,400
|
$2.96
|
| Total Expenses |
$70,587
|
$14.53
|
| Net Operating Income |
$238,533
|
$49.10
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $309,120 |
| Annual Per SF | $63.63 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $309,120 |
| Annual Per SF | $63.63 |
| Taxes | |
|---|---|
| Annual | $56,187 |
| Annual Per SF | $11.57 |
| Operating Expenses | |
|---|---|
| Annual | $14,400 |
| Annual Per SF | $2.96 |
| Total Expenses | |
|---|---|
| Annual | $70,587 |
| Annual Per SF | $14.53 |
| Net Operating Income | |
|---|---|
| Annual | $238,533 |
| Annual Per SF | $49.10 |
Property Facts
| Price | $4,495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $899,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.30% | Building Size | 4,858 SF |
| Gross Rent Multiplier | 14.54 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1973/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.65/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling | ||
| Price | $4,495,000 |
| Price Per Unit | $899,000 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Gross Rent Multiplier | 14.54 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,858 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1973/2022 |
| Parking Ratio | 1.65/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Microwave
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Freezer
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Waterfront
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $4,500 | 600 - 1,400 |
| 2+2 | 2 | $7,250 | 1,600 |
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 4294-003-002 | Total Assessment | $3,950,875 (2025) |
| Land Assessment | $2,765,613 (2025) | Annual Taxes | $56,187 ($11.57/SF) |
| Improvements Assessment | $1,185,262 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
4294-003-002
Land Assessment
$2,765,613 (2025)
Improvements Assessment
$1,185,262 (2025)
Total Assessment
$3,950,875 (2025)
Annual Taxes
$56,187 ($11.57/SF)
Tax Year
2026
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