$2,900,000 12 Catamaran Street Marina Del Rey, CA

MLS: SB19257683   Type: Pending   County: Los Angeles   City: Marina Del Rey   Zip: 90292  

Mortgage $13,615 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

0

0

0

2,996

3,071

1965

We are pleased to present 12 Catamaran Street, located in one of the most sought-after markets of Los Angeles-Marina del Rey. This 2,996 SF building was built in 1964 and is situated on a 3,071 SF lot. The property is comprised of two (2) two-bedroom/one-and-a-half-bathroom, one (1) one-bedroom/one-bathroom, and one (1) studio units. Three of the four units will be delivered vacant and the fourth unit can be vacated April of 2020, offering an investor or owner-user immediate rental upside. 12 Catamaran Street is EXEMPT FROM LOS ANGELES CITY RENT CONTROL, Seller can provide Certificate of Exemption. Additionally, the new vinyl windows were installed in 205 offering sound-proofing for all of the units. Ideally located, steps from the beach and a few blocks from Washington Boulevard, lined with renowned restaurants and bars - this opportunity will not last long. The property offers an astute investor or owner-user the opportunity to acquire a multifamily asset in one of the most desirable neighborhoods in all Southern California. By implementing a light renovation program and filling the units at market rents, 12 Catamaran Street is a truly unique and lucrative investment.

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Price History

11/4/2019 Listed $2,950,000
12/5/2019 2% - $2,900,000

Attached Structure Attached
Co-Listing Agent Last Name Molly
Co-Listing Agent Last Name First
Co-Listing Agent State License # 02065583
Co-listing Agent Molly First - BRE#02065583
Community Features Urban
Directions Corner of Catamran St and Speedway
Garage Spaces 3.00
Listagentaor South Bay
Listing Agent Nico Rosmarin - BRE#02023847
Listing Agent State License 02023847
MLS Area C12 - Marina Del Rey
Number of Units Leased 1
Pool Features None
Price Per Square Foot 967.96
Private Pool No
Property Attached Y/N Yes
Senior Community Y/N No
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 4
Zoning LAR3

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Laundry Features Common Area
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 2996.00
Land Lease Y/N No
Lot Features 0-1 Unit/Acre
Lot Size Acres 0.0705
Lot Size Area 3071.0000
Lot Size Square Feet 3071.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 1
Numberofrentedgarages 3
Total Parking 7.00
Water Source Public

Property Schools



Direct Link:

https://www.jvalenrealestate.com/property/25-SB19257683-12-Catamaran-Street-Marina-Del-Rey-CA-90292

Gallery (45 photos)

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Property vs Zip Code Avg (90292)

Price 2.90M Avg 1.12M

Sqr Feet 2,996 Avg 1,694

Cost / Sqr Ft $968 Avg $662

Acres 0.0705 Avg 2.42

Visits 49 Avg 38

Days on Site 353 Avg 120

Walkscore® 79 Avg 70

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Nico Rosmarin with Lyon Stahl Investment Real Estate, Inc..




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Location & Address

J Valen RE Team

Los Angeles, CA
310-231-6864
888-879-7812