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16 Spinnaker St - 16 Spinnaker St 3 Unit Apartment Building Offered at $2,850,000 Marina Del Rey, CA 90292
INVESTMENT HIGHLIGHTS
- 10 Steps from the Beach
- Sunny Front Lawn
- Vacant and Spacious Owners Unit
EXECUTIVE SUMMARY
Steps from the sand, this rare triplex combines beachside living with strong income potential. The vacant 3BD/2.5BA owner's unit of approximately 1,800 SF features vaulted wood-beam ceilings, abundant natural light, and spacious interiors. A renovated studio is leased at $2,500 per month, while the well-kept 2BD/2BA is rented at $3,288 per month, providing steady rental income to offset living costs or enhance returns. With no public parking nearby, even summer holidays feel private and serene, and the property sits at the edge of the Ballona Wetlands and Venice Canals with peaceful walking paths and birdwatching, yet just minutes from Abbot Kinney, Venice, and all the best dining and amenities. Live in one, rent the others, or hold as a premier coastal investment. Please email / text for more information on this property - mr@palomarealtypartners.com / (310) 500-9166
PROPERTY FACTS
| Price | $2,850,000 | Building Size | 3,064 SF |
| Price Per Unit | $950,000 | Average Occupancy | 66% |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 3 | Year Built | 1967 |
| Property Type | Multifamily | Parking Ratio | 1.63/1,000 SF |
| Lot Size | 0.07 AC | ||
| Zoning | R3 | ||
| Price | $2,850,000 |
| Price Per Unit | $950,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.07 AC |
| Building Size | 3,064 SF |
| Average Occupancy | 66% |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | R3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $2,500 | 300 |
| 2+2 | 1 | $3,288 | 964 |
| 3+2.5 | 1 | $8,500 | 1,800 |
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16 Spinnaker St - 16 Spinnaker St
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