Condominium buy in Marina del Rey California

Completed in 2019, Common Penmar is a best in class, 4-unit property that is being professionally operated as a co-living property with 20 furnished suites (private bedrooms) rented individually. Many of the suites also include a private bathroom. The unit mix at the property is comprised of two units that feature four bedrooms and four bathrooms, and the other two units that feature six bedrooms and four bathrooms. The apartments have high end finishes, quality appliances, beautiful community space and wonderful natural light. An incredible amenity at the property is the rooftop deck that spans the building, provides multiple seating areas and BBQs for the tenants' use and offers full 360-degree views. Co-living is a popular form of residential renting that has swept the nation. It offers residents a ton of flexibility and an array of amenities by renting furnished, private rooms on a short-term or long-term basis. The units at Common Penmar include large kitchens and beautiful living rooms that create valuable communal space and interactivity among the residents. WiFi and all utilities are included for the tenants convenience. For an investor who is not as familiar with co-living, Common Penmar can also be easily converted to a traditional multifamily property rented by the unit with long-term leases. The Property is ideally positioned to rent to either families or roommates that wish to be in such a prime location. MLS® ID: 22181089 Listed: 7/18/22 Updated: 9/29/22 Interior Features Kitchen Appliances: Barbecue, Dishwasher, Microwave, Dryer, Washer Total Bedrooms: 20 Total Bathrooms: 16 Cooling: Central Air Heating: Central Exterior/Building Features Lot Size: 5,534 ft2 lot Other Property Details Area Name: C11 - Venice Garage: Yes Garage Spaces: 8 Parking: Controlled Entrance, Covered, Community Structure Parking Total: 8.0 View: N County: Los Angeles Pool: No Total Stories: 4 Zoning: LARD1.5 Property History Date Event Price Value 9/12/22 Price Change $5,750,000 -7% Listed by Bryan Glenn, Kidder Mathews of California, Inc., Based on information from California Regional Multiple Listing Service, Inc. as of 9/29/22. 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.