12 Catamaran St, Marina del Rey, CA 90292

12 Catamaran St, Marina del Rey, CA 90292

Marina del Rey, CA

Property Description

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Nico Rosmarin and Molly First of Lyon Stahl Investment Real Estate are pleased to present 12 Catamaran Street, located in one of the most highly sought-after markets of Los Angeles- Marina del Rey. This 2,676 SF building was built in 1964 and is situated on a 2,705 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 unit. 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 ideally located, steps from the beach and a few blocks from Washington Boulevard, lined with renowned restaurants and bars- this opportunity won’t last long.

12 Catamaran Street offers an astute investor or owner-user the opportunity to acquire a multifamily asset in one of the most desirable neighborhoods in all of 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.

Property Features

  • Sale Price: $2,450,000
  • Area Size: 2,676 SF
  • Land Area: 2,705 SF
  • Year Built: 1964
  • Closing Date: 5/11/2020
  • Units: 4
  • Current GRM: 16.12
  • Price Per Unit: $737,500
  • Market GRM: 16.12
  • Market Cap Rate: 4.94%

Lyon Stahl Investment Real Estate

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