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12 Catamaran St, Marina del Rey, CA 90292

$2,900,000

Description

https://lyonstahl.com/property/12-catamaran-st-mdr-ca-90292/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.

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.

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Address

  • City: Venice
  • State/county: CA
  • Country: United States

Detail

Updated on December 5, 2019 at 4:43 pm

  • Price: $2,900,000
  • Property Size: 2,676 Sq Ft
  • Land Area: 2,705 Sq Ft
  • Year Built: 1964
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 4
  • GRM: 16.12
  • Price per Unit: $737,500
  • Market GRM: 16.12
  • Market CAP RATE: 4.94%

Contact info

Molly First
Molly First
(424) 210-9129(310) 913-2488
Linkedin
Nico Rosmarin
Nico Rosmarin
(424) 226-9449(303) 819-5225
Linkedin

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