Brandon Arlington

Real Estate Professional | License ID: 01956375

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$ 3,000,000

$ 3,300,000 9.1%

Est. payment -/mo

Sold on 04/29/2025

101 Catamaran ST Marina Del Rey, CA 90292

12 Beds

7 Baths

5,661 SqFt

UPDATED:

Key Details

Sold Price $3,000,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,661 sqft

Price per Sqft $529

MLS Listing ID 24411166

Sold Date 04/29/25

Bedrooms 12

HOA Y/N No

Year Built 1964

Lot Size 5,022 Sqft

Property Description

Exceptional 6-unit income property two blocks from the beach, with four VACANT UNITS (each 2 Bdrm) @ 5% pro-forma cap rate! Seconds to the sand, this opportunity is ready to go with new exterior paint, on-site laundry, and six parking spaces. For owner-occupants, the two of the vacant units are side by side on the top floor, providing a rare opportunity for an owner/user to combine them into a spacious, customized living space while still enjoying rental income from the remaining four units. The property boasts an ideal location, allowing residents to enjoy the coastal lifestyle with ease. Imagine creating your dream home with the beach just a short stroll away while benefiting from the steady rental income from the other units. Perfect for investors or those seeking a blend of homeownership and investment, this property is a rare find in one of Southern California's most demanded rental neighborhoods! Situated in one of the best beachside locations, take a short stroll to fabulous restaurants, coffee shops, bars, and more. Bike down to the pier, the Venice Canals, or Abbot Kinney; everything you could want or need is here!

Location

State CA

County Los Angeles

Area C12 - Marina Del Rey

Zoning LAR3

Interior

Interior Features Balcony, Open Floorplan

Heating Radiant

Flooring Carpet, Tile, Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Oven, Oven, Refrigerator, Dryer, Washer

Laundry Common Area, Laundry Room

Exterior

Parking Features Assigned, Carport

Pool None

View Y/N Yes

View City Lights

Total Parking Spaces 6

Private Pool No

Building

Lot Description Front Yard, Landscaped

Faces West

Story 2

Entry Level Two

Sewer Other

Architectural Style Bungalow

Level or Stories Two

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 4225004005

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Listed by Tamra (Tami) Pardee • Pardee Properties
Bought with Tim Steuernol • NAI Capital Commercial Inc.