Condominium buy in Marina del Rey California

This 8 Unit investment in Venice will benefit the savvy investor with steady increases in cash flow from the Red-hot Westside rental market and appreciating property values. Tenants can walk to Costco, Villa Marina Marketplace, Penmar Golf course and restaurants and shops on Abbot Kinney. There are (2) 2BR/1BA units and (6) 1BR/1BA units with 25% upside in rents. The property has separate meters for gas & electric and 5 parking spaces with well manicured and mature landscaping. The desirable zoning of Lar4 make this an excellent prospect for development in the future as it allows for 20 Units By Right (check with the city). The property has been in same family and Professionally managed for decades. Don't miss out on the rare opportunity to own in Venice. MLS® ID: 22153105 Listed: 4/30/22 Updated: 9/29/22 Interior Features Kitchen Appliances: Disposal Total Bedrooms: 0 Total Bathrooms: 0 Cooling: None Heating: None Exterior/Building Features Lot Size: 8,303 ft2 lot Other Property Details Area Name: C11 - Venice Garage: No Parking: Assigned Parking Total: 5.0 View: N County: Los Angeles Pool: No Total Stories: 2 Zoning: LAR4 Property History Date Event Price Value 5/21/22 Pending - - 5/5/22 Price Change $2,900,000 127% Listed by Keith Moret, Keller Williams Beach Cities, 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.