Listing and Selling Homes Since 1999!
Address
12 Catamaran Street Marina del Rey, CA
Price
$ 2,900,000
Property Attributes
  • MLS#SB19257683
  • TypePending
  • CountyLOS ANGELES
  • CityMarina del Rey
  • AreaMarina Del Rey
  • Zip90292
  • Style
  • Price$ 2,900,000
  • Bedrooms5
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size3,071 SqFt
Listing Provided Courtesy Of:
Nico Rosmarin with Lyon Stahl Investment Real Estate, Inc. - 303-819-5225
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

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.

Price History
11/4/2019 Listed $2,950,000
12/5/2019 2% - $2,900,000

General Features

Co-Listing Agent State License # 02065583
Co-listing Agent Molly First - BRE#02065583
Community Features Urban
Garage Spaces 3
Garage Y/N Yes
Listing Agent Nico Rosmarin - BRE#02023847
Listing Agent State License 02023847
MLS Area C12 - Marina Del Rey
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Status Pending
Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Total Actual Rent 23280
Total Units 4
Water Sewer Expense 650
Zoning LAR3

Interior Features

Common Walls 2+ Common Walls
Laundry Features Common Area

Exterior Features

Lot Features 0-1 Unit/Acre
Lot Size Acres 0.07
Lot Size Area 3071
Lot Size Square Feet 3071
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 1
Total Parking 7
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 90292

Price
AVG $1.72M
$2.9M
Visits
AVG 100
275
Year Built
AVG 1986
1965
Walkscore
AVG 63
79
Data Provided by Walkscore ® not using MLS data

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