14 Mast Street

Marina del Rey, CA 90292

$4,995,000
Price
7
Beds
7
Baths
4,858 Sq. Ft.
$1,028 / Sq. Ft.
4,858
Sq. Ft.
$1,028
per Sq. Ft.

Description

Great opportunity to own a rare Silicon Beach 5 unit Building on the Marina Peninsula with many possibilities. Located on a beautiful walk street, steps to the beach, close to all the popular restaurants and shops in Venice and Marina Del Rey. All New York style lofts and recently remodeled units, complete with some sq ft expansion, common area remodel, Earthquake/ soft story retrofit and new garage doors. Cap rate 4.5 and Gross income of $298,920 annually with great upside potential. 2 Multi level...Great opportunity to own a rare Silicon Beach 5 unit Building on the Marina Peninsula with many possibilities. Located on a beautiful walk street, steps to the beach, close to all the popular restaurants and shops in Venice and Marina Del Rey. All New York style lofts and recently remodeled units, complete with some sq ft expansion, common area remodel, Earthquake/ soft story retrofit and new garage doors. Cap rate 4.5 and Gross income of $298,920 annually with great upside potential. 2 Multi level units some with 2 story living rooms with multipurpose loft area. Great mix of units, most with their own private garages. 2 units have large spectacular Ocean view rooftop patios. Many possibilities from short term rentals, or owner user one or a few of the units. Possibilities are endless. Multi-level units have large, bright 2 story living rooms with open kitchen w/ stainless steel appliances with granite counter tops and more. Units 2 and 3 have been completely remodeled. Landscaped garden area located on a beautiful walk street. 4 Units are Luxury exempt. Earthquake retrofit has been completed. Potential to increase rents to $348,000 with a 5.5 CAP. Most units can be delivered vacant, please inquire.

Listing Agent

  1. James Allan

    James Allan

    Listing Agent

    Compass

    DRE #01180635

    james.allan@compass.com

    P: (310)-704-0007

Property Details for 14 Mast Street

Zoning
LAR3
Style
Contemporary
Parcel Number
4294003002
Total Units
5.0
Living Area
4858
Source Living Area
Owner
Area
Marina Del Rey (C12)
Vacancy Rate
0
LISTING UPDATED: 10/16/2024 12:18 PM

Property Details for 14 Mast Street

StatusActive
MLS #24-389693
Days on Market176
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size0.07 AC / 3,151 SF
CountyLos Angeles County

Virtual Tour

Building Information for 14 Mast Street

Stories3Residences-Year Built1973Building Size-Lot Size0.07 AC / 3,151 SF

Property Information for 14 Mast Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: Yes
  • View Description: Coastline, Ocean
  • View: Coastline, Ocean
  • Property Condition: Updated/Remodeled
  • Water: In Street
  • Sewer: In Street
Contract Info
Contract Info
  • Disclosures: Coastal Commission Restrictions
  • Listing Type: Exclusive Right To Sell
  • Service Level: Entry Only
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $298,920
  • Net Operating Income: $225,782.00
  • Gross Income: $298,920
  • Cap Rate: 4.50%
  • Gross Rent Multiplier: $16.70
  • Actual Annual Gross Rent: $298,920.00
  • Actual Rent Total: $256,800.00
  • Total Annual Expense: 10700
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0723
  • Lot Size Square Feet: 3151
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Garage - 2 Car, Uncovered
  • Total Parking: 8
  • Covered Parking: 7
  • Open Other Spaces Total: 1
  • Garage Spaces Total: 7
  • Parking Features: Garage - Single Door, Garage - Two Door, Uncovered
Interior Features
Interior Features
  • Levels: Multi/Split
  • Fireplace Features: Den
  • Fireplace Rooms: Den
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Equipment: Dishwasher, Range/Oven, Refrigerator
  • Interior Features: 2 Staircases, Cathedral-Vaulted Ceilings
  • Room Kitchen Features: Granite Counters
  • Kitchen Features: Granite Counters
  • Cooking Appliances: Oven, Microwave
  • Laundry: Community, Inside, In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-09-2024
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,148.00
  • Unit Actual Rent: $5,148.00
  • Unit Projected Rent: $7,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $5,500.00
  • Unit Actual Rent: $5,500.00
  • Unit Projected Rent: $5,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $7,000.00
  • Unit Actual Rent: $7,000.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,510.00
  • Unit Actual Rent: $5,510.00
  • Unit Projected Rent: $7,500.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $417,380.00
  • Assessed Improvement Percent: 48.72
  • Assessed Land Value: $439,348.00
  • Assessed Land Percent: 51.28
  • Assessed Total Value: $856,728.00

Property History for 14 Mast 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 14 Mast Street

Taxable ValueLand$2,711,386Additions$1,162,922Total$3,874,308
Tax Record2024$47,388 ($3,949 / month)
Home Facts
Total Finished SqFt6,261 SqFtAbove Grade Finished SqFt6,261 SqFtLot Size3,151 SqFtStyleMulti-Family Res (5+ Units)Year Built1973ZoningLAR3CountyLOS ANGELESAPN4294-003-002

Schools near 14 Mast 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.

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14 Mast Street is a multi-family home for sale in Marina del Rey, CA 90292. This property was listed for sale on May 9, 2024 by Compass, it's currently listed at $4,995,000. It has been on the market for a total of 176 days and was last sold on March 2, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Coeur D'Alene Avenue Elementary School, Marina Del Rey Middle School and Venice Senior High School. 14 Mast Street is a 7-bed, 7-bath, 4,858 sqft multi-family home built in 1973.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, James Allan, DRE #01180635

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.