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.
