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14 Mast
Marina Del Rey, CA 90292
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Located one street behind ocean front, 14 Mast is located on the coveted Marina Peninsula close enough to walk to popular bars and restaurants
- 4 out of 5 units are "Luxury Exempt" or not under rent control restrictions
- Recently retrofitted, renovated, and updated landscaping
Executive Summary
Turn-key/ Fully Occupied w/ a Cap Rate of ~5%. Just steps from the beach in the coveted Marina Peninsula.
Property Facts
| Price Per Unit | $1,229,067 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.97% | Building Size | 4,858 SF |
| Gross Rent Multiplier | 15 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1973/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.65/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAR3 - Multiple Dwelling | ||
| Price Per Unit | $1,229,067 CAD |
| Sale Type | Investment |
| Cap Rate | 4.97% |
| Gross Rent Multiplier | 15 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,858 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1973/2022 |
| Parking Ratio | 1.65/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Microwave
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Freezer
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Waterfront
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $6,145 CAD | 600 - 1,400 |
| 2+2 | 2 | $9,901 CAD | 1,600 |
Property Taxes
| Parcel Number | 4294-003-002 | Improvements Assessment | $1,618,629 CAD |
| Land Assessment | $3,776,804 CAD | Total Assessment | $5,395,434 CAD |
Property Taxes
Parcel Number
4294-003-002
Land Assessment
$3,776,804 CAD
Improvements Assessment
$1,618,629 CAD
Total Assessment
$5,395,434 CAD
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