Multifamily

33 Eastwind St

33 Eastwind St, Marina del Rey, CA 90292

Listing Price: $4,695,000

Cap Rate
3.57%
Number of Units
12
Price/Unit
$391,250
Price/Gross SF
$461.20
Gross SF
10,180

Investment Overview

Marcus & Millichap is pleased to present for purchase 33 Eastwind Street, located in the very desirable Marina Peninsula area. This prime Marina Del Rey location is on the west side of Pacific Avenue, just a couple of hundred feet from the sand. With a Very Walkable score of 77 and a Very Bikeable score of 72, tenants are just a short distance to the Venice Pier and Washington Boulevard with many options for dining and entertainment. This location is in close proximity to the other beach communities, such as Venice, Santa Monica, and Playa Del Rey. This 2-story apartment building was constructed in 1968 with 10,180 square feet of improvements on a 6,540 square foot R3 lot. The building was originally built as eight (8) spacious units, featuring 6 – one-bedroom/one-and-one-half-bathroom townhome-style units and 2 – three-bedroom/ three-and-one-half-bathroom townhome-style units. The property is currently registered as a twelve (12) unit apartment building, which includes four (4) non-conforming units. The current unit mix consists of 6 – one-bedroom/oneand-one-half-bathroom townhome-style units, 2 (non-conforming) – one-bedroom/onebathroom units, 2 – two-bedroom/two-and-one-half-bathroom townhome-style units, and 2 (non-conforming) – single/one-bathroom units. The building has thirteen (13) parking spaces and a coin-operated laundry. This value add property can be reconfigured in several possible ways and could benefit from creating additional Accessory Dwelling Units (ADU’s). This offering will appeal to any savvy investor looking for a well-located trophy Marina Del Rey property, walking distance to the beach with significant rental upside (34% +/-).

Investment Highlights

  • Desirable Marina del Rey location
  • Attractive unit mix
  • Townhomes with private patios

Exclusively Listed By

Listing Price: $4,695,000

Cap Rate
3.57%
Number of Units
12
Price/Unit
$391,250
Price/Gross SF
$461.20
Gross SF
10,180

Investment Highlights

  • Desirable Marina del Rey location
  • Attractive unit mix
  • Townhomes with private patios

Investment Overview

Marcus & Millichap is pleased to present for purchase 33 Eastwind Street, located in the very desirable Marina Peninsula area. This prime Marina Del Rey location is on the west side of Pacific Avenue, just a couple of hundred feet from the sand. With a Very Walkable score of 77 and a Very Bikeable score of 72, tenants are just a short distance to the Venice Pier and Washington Boulevard with many options for dining and entertainment. This location is in close proximity to the other beach communities, such as Venice, Santa Monica, and Playa Del Rey. This 2-story apartment building was constructed in 1968 with 10,180 square feet of improvements on a 6,540 square foot R3 lot. The building was originally built as eight (8) spacious units, featuring 6 – one-bedroom/one-and-one-half-bathroom townhome-style units and 2 – three-bedroom/ three-and-one-half-bathroom townhome-style units. The property is currently registered as a twelve (12) unit apartment building, which includes four (4) non-conforming units. The current unit mix consists of 6 – one-bedroom/oneand-one-half-bathroom townhome-style units, 2 (non-conforming) – one-bedroom/onebathroom units, 2 – two-bedroom/two-and-one-half-bathroom townhome-style units, and 2 (non-conforming) – single/one-bathroom units. The building has thirteen (13) parking spaces and a coin-operated laundry. This value add property can be reconfigured in several possible ways and could benefit from creating additional Accessory Dwelling Units (ADU’s). This offering will appeal to any savvy investor looking for a well-located trophy Marina Del Rey property, walking distance to the beach with significant rental upside (34% +/-).

Exclusively Listed By

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