101 Catamaran St - Apartments FOR SALE


Marina Del Rey, CA 90292
$3,300,000 USD
310-907-6517
101 Catamaran St, Marina Del Rey, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/13
null | 5% Cap Rate

101 Catamaran St
Marina Del Rey, CA 90292


HIGHLIGHTS

  • Income property
  • 6 units total (12 bedrooms, 9 bathrooms total)
  • On-unit laundry facility
  • Located just 2 blocks away from Venice Beach
  • Close proximity to a variety of retail & dining amenities

OVERVIEW

Exceptional 6-unit income property two blocks from the beach, with FOUR VACANT UNITS (each 2 Bdrm) @ 5% pro-forma cap rate! Seconds to the sand, this opportunity is ready to go with new exterior paint, on-site laundry, and six parking spaces. For owner-occupants, two of the vacant units are side by side on the top floor, providing a rare opportunity for an owner/user to combine them into a spacious, customized living space while still enjoying rental income from the remaining four units. The property boasts an ideal location, allowing residents to enjoy the coastal lifestyle with ease. Imagine creating your dream home with the beach just a short stroll away while benefiting from the steady rental income from the other units. Perfect for investors or those seeking a blend of homeownership and investment, this property is a rare find in one of Southern California's most demanded rental neighborhoods! Situated in one of the best beachside locations, take a short stroll to fabulous restaurants, coffee shops, bars, and more. Bike down to the pier, the Venice Canals, or Abbot Kinney; everything you could want or need is here!

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$583 USD /SF

# OF UNITS

6

PRICE/UNIT

$550,000

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,143 SF

ZONING

R3

APN/PARCEL ID

4225-004-005

ASK ABOUT THIS PROPERTY

Paige OgdenPardee PropertiesMore Info
310-907-6517

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Paige OgdenPardee PropertiesMore Info
310-907-6517

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.