124 Catamaran Street

Marina del Rey, CA 90292

$2,775,000
Last Sold Price
13
Beds
13
Baths
6,354 Sq. Ft.
$437 / Sq. Ft.
6,354
Sq. Ft.
$437
per Sq. Ft.

Description

The Marina Del Rey Peninsula is a high demand upscale beach community with a very low supply of apartment buildings that ever come on the market for sale. The turnover for sales is very low and the demand is high. This beachy vibe treasure has been in the same family for decades, offering the new buyer the benefit to add value. Smell and feel the ocean! This is a great unit mix with six 2 bedroom/1.75 bath units and one 1 bedroom/1 bath unit. Also, a bonus space with potential to become an ADU. All...The Marina Del Rey Peninsula is a high demand upscale beach community with a very low supply of apartment buildings that ever come on the market for sale. The turnover for sales is very low and the demand is high. This beachy vibe treasure has been in the same family for decades, offering the new buyer the benefit to add value. Smell and feel the ocean! This is a great unit mix with six 2 bedroom/1.75 bath units and one 1 bedroom/1 bath unit. Also, a bonus space with potential to become an ADU. All 2 bedrooms have gas fire places. Large spacious roomy units. Individually metered for gas and electric. 9 parking spaces. You are at the beach here! Located in the much sought after Marina Peninsula. Walk and bike everywhere. Walk to the Venice canals, the boardwalk, Abbot Kinney and the numerous happening restaurants and shopping. Marina Del Rey is located in the world-renowned Silicon Beach, surrounded by popular communities of Venice Beach, Playa Del Rey, Playa Vista, and Santa Monica. Please see Offering Memorandum for more information.
  1. Listed by Francyne Lambert • DRE #00827267 • Brokerage DRE #00860625 • Lambert Investments, Inc.

Property Details for 124 Catamaran Street

Zoning
LAR3
Parcel Number
4225004038
Total Units
7.0
Living Area
6354
Source Living Area
Title Company
Area
Marina Del Rey (C12)
Vacancy Rate
0
Lot Size Area
5346

Location

Listing Courtesy of Lambert Investments, Inc., Francyne Lambert, DRE #00827267

Sold By Lambert Investments, Inc., Francyne Lambert, DRE #00827267

Add your commute
LISTING UPDATED: 01/31/2024 03:14 PM

Property Details for 124 Catamaran Street

StatusSold
MLS #23-270975
Days on Market239
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1970
Lot Size0.12 AC / 5,346 SF
CountyLos Angeles County

Location

Listing Courtesy of Lambert Investments, Inc., Francyne Lambert, DRE #00827267

Sold By Lambert Investments, Inc., Francyne Lambert, DRE #00827267

Add your commute

Building Information for 124 Catamaran Street

Stories2Residences-Year Built1970Building Size-Lot Size0.12 AC / 5,346 SF

Payment Calculator

$17,065 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,144

Property Taxes

$1,921

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 124 Catamaran Street

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Flat
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $207,708
  • Net Operating Income: $138,096.00
  • Gross Income: $207,708
  • Cap Rate: 4.32%
  • Gross Rent Multiplier: $15.41
  • Monthly GrossI Income: $17,309.00
  • Total Annual Expense: 69612.00
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1227
  • Lot Size Square Feet: 5346
  • Lot Size Dimensions: 54x100
  • Source Lot Size Dimensions: Other
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 9
  • Covered Parking: 9
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-16-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,492.50
  • Unit Actual Rent: $14,955.00
  • Unit Projected Rent: $25,800.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,290.00
  • Unit Actual Rent: $1,290.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $985.00
  • Unit Actual Rent: $985.00
  • Unit Projected Rent: $1,100.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $682,119.00
  • Assessed Improvement Percent: 37.98
  • Assessed Land Value: $1,113,673.00
  • Assessed Land Percent: 62.02
  • Assessed Total Value: $1,795,792.00

Property History for 124 Catamaran Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 124 Catamaran Street

Taxable ValueLand$1,135,946Additions$695,761Total$1,831,707
Tax Record2023$23,052 ($1,921 / month)
Home Facts
Total Finished SqFt6,354 SqFtAbove Grade Finished SqFt6,354 SqFtLot Size5,397 SqFtStyleMulti-Family Res (5+ Units)Year Built1970ZoningLAR3CountyLOS ANGELESAPN4225-004-038

Schools near 124 Catamaran Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Coeur D'Alene Avenue Elementary School
PublicK to 5

Marina Del Rey Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

Westside Global Awareness Magnet
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lambert Investments, Inc., Francyne Lambert, DRE #00827267

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.