3305 Ocean Front, Marina del Rey, CA 90292

3305 Ocean Front, Marina del Rey, CA 90292

Marina del Rey, CA

Property Description

One of the cheapest lots on Ocean Front Walk for sale in years! 3305 Ocean Front Walk is a tenant/owner ready duplex located on one of the nicest beaches in all of LA County – just steps from the sand! New buyer can take advantage of this opportunity by building new construction, or renovating the building to collect $35,000/month in rental income! 3305 Ocean Front walk is comprised of (1) 3Bed+3Bath & (1) 2Bed+2Bath units, each compromising their own floors. There are two tuck under parking spots, as well as rooftop access, and laundry hookups in each unit. The subject property is located on the Marina Peninsula – one of the most desirable locations in all of Los Angeles. It is just walking distance from many restaurants, shops, Abbot Kinney Blvd, Venice Canals and the Marina.

Property Features

  • Sale Price: $3,550,000
  • Year Built: 1960
  • Listing Date: 4/25/2023
  • Closing Date: 12/29/2023
  • Units: 2
  • Current GRM: 9.29
  • Current Cap Rate: 9.07%
  • Price Per Unit: $1,950,000
  • Market GRM: 9.29
  • Market Cap Rate: 9.07%
  • Current NOI: $353,875