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740 Washington Blvd
Marina Del Rey, CA 90292
Fantastic Venice/Marina Value-Add Duplex · Multifamily Property For Sale
·
2 Units
PROPERTY FACTS
| No. Units | 2 | Building Size | 1,140 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1953 |
| Lot Size | 0.06 AC | Parking Ratio | 1.75/1,000 SF |
| Zoning | LAC2 | ||
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.06 AC |
| Building Size | 1,140 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | LAC2 |
ABOUT 740 WASHINGTON BLVD , MARINA DEL REY, CA 90292
Price reduced $50K for immediate sale before year-end... Best priced duplex in MDR/Venice with unique commercial C2/R4 zoning presents a creative investor with a ton of repositioning options. Lyon Stahl RE is pleased to present this duplex (legally a triplex) at 740 Washington Blvd, Marina del Rey 90292. Featuring a front 1 Bedroom 1 Bath unit with a private front yard currently renting for $1,194/mth & a rear 2+2 unit rented for $2,995/mth for a current gross income of $4,189/month; $50,268/year. At our reduced $1.495 asking price, the property is priced at: $747,500/unit; a 29.74 current GRM; a 19.17 market GRM; a 1.72% current CAP; a 3.42% market CAP, and $1,311/SF. The property also has a large two-car garage in the rear alley. Unique 2,500sf lot with commercial C2/R4 zoning allowing for a wide variety of mixed-uses & live/work opportunities. Also presents a great owner-user opportunity to acquire a multi-unit property with solid rental income for a lower price than most single family homes locally! Located in an A+ location at the heart of Silicon Beach & only a short walk or bike ride from all of the Marina & Venice's hippest restaurants; shops; bars; entertainment; outdoor activities and the beach. Walking distance to Coeur d' Alene Avenue School & St. Mark School, as well as Triangle Park & the Marvin Braude Bike Path.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | $3,498 | 760 |
| 1+1 | 1 | $1,847 | 380 |
