101 Catamaran St Marina Del Rey, CA 90292
Active
$3,300,000
6 Units
12 Beds
7.50 Baths
5,661 Area(sq.ft.)
5,021 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1.50 | No | $ 4,258 | $ 3,904 | n/a |
| Unit 2 | 2 | 2 | 1.50 | No | $ 2,472 | $ 2,292 | n/a |
| Unit 3 | 3 | 2 | 1 | No | n/a | n/a | $ 4,000 |
| Unit 4 | 4 | 2 | 1.50 | No | n/a | n/a | $ 3,850 |
| Unit 5 | 5 | 2 | 1 | No | n/a | n/a | $ 3,650 |
| Unit 6 | 6 | 2 | 1 | No | n/a | n/a | $ 3,950 |
| 6 | 21 | 42 | 28 | $ 9,202 | $ 8,489 | $ 69,350 |
| MLS #: | 24-411166 |
| Days On Market: | 42 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 583 |
| Price per unit: | $ 550,000 |
| Year Built: | 1964 |
Property Details
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, the 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!Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes, 100% |
| Vacancy Rate: | 80% |
| Gross Operating Income: | $ 244,912 |
| Total Annual Expense: | $ 80,748 |
| Net Operating Income: | $ 188,412 |
| Gross Annual Income: | $ 259,160 |
| Gross Rent Multiplier: | 13.83 |
Structure
| Type of Units: | Attached |
| Buildings: | 1 |
| Levels: | Two |
| Security Features: | Carbon Monoxide Detector(s), Smoke Detector |
| Style: | Bungalow |
| Sewer: | In Street |
| View Description: | City, City Lights, Tree Top |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Carport, Assigned |
Interior
| Cooking Appliances: | Oven, Oven-Gas, Gas |
| AC/Cooling: | Ceiling Fan |
| Equipment: | Refrigerator, Dishwasher, Dryer, Washer |
| Heating: | Radiant |
| Fireplace Rooms: | None |
| Interior Features: | Living Room Balcony, Open Floor Plan, Turnkey, Drywall Walls |
| Kitchen Features: | Tile Counters |
| Laundry: | Community, Room |
| Patio Features: | Balcony |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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