12 Catamaran Street

Marina Del Rey, CA 90292 View Map $2,900,000 Schedule a Tour
Acres0.07
Year1965
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Status: Pending
Property Type:Residential Income (Multi-Family)
MLS #:SB19257683
On Site:209 Days
Lot Size:0.07 Acres
County:Los Angeles
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.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
12/4/2019$2,950,000$2,900,000-1.7%

Community Information

Address:12 Catamaran Street Marina Del Rey, CA 90292
Area:(C12) Marina Del Rey
County:Los Angeles
City:Marina del Rey
Zip Code:90292

Architecture

Year Built:1965
Total Units: 4
Unit 1: 1 Unit•2 Beds•2 Baths•1 Garage•$2,940 actual rent•$2,940 total rent•$4,500 pro forma
Unit 2: 1 Unit•2 Beds•2 Baths•1 Garage•$4,500 pro forma
Unit 3: 1 Unit•1 Bed•1 Bath•1 Garage•$3,500 pro forma
Unit 4: 1 Unit•1 Bath•$2,750 pro forma
Basement: Cable TV, Electricity, Gas
Garage Spaces: 3

Features / Amenities

Common Walls: 2+ Common Walls
Parking Total: 7

Property Features

Lot Size: 0.07 Acres / 3071 Sq. Ft.
Lot Features: 0-1 Unit/Acre
Lot Number: 2, 6
Sewer: Public Sewer
Water: Public
Zoning:LAR3
Directions:Corner of Catamran St and Speedway

Tax and Financial Info

Tenant Pays: Cable TV, Electricity, Gas
Land Lease: No
Electric Expense: 650.00
Gardener Expense: 1200.00
Insurance Expense: 1198.00
Maintenance Expense: 2600.00
Pest Expense: 200.00
Trash Expense: 650.00
Water / Sewer Expense: 650.00
Total Expenses: 43353.00
Garage Income: 1000.00

Schools

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12 Catamaran Street Marina Del Rey, CA 90292
GO SEE THIS LISTING
12 Catamaran Street Marina Del Rey, CA 90292
 
ASAP
Sun
31
May
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Tue
2
Jun
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Jun
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Choose Your Date -- It's Free, Cancel Anytime
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Listing provided courtesy of Nico Rosmarin, Lyon Stahl Investment Real Estate, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of May 30, 2020. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.