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14 Mast St
For Sale $4,500,000 ($784.11 per Sq Ft)
$4,500,000 ($784.11 per Sq Ft)
- 5 Units
- 5,739 Sq Ft
- 3,151 Sq Ft
- Unknown Cap Rate
Description
Location! Location! Location! Rare opportunity to own a 5-unit income, FULLY OCCUPIED property on the Marina del Rey Peninsula, just steps from the sand, in close proximity to the marina, Venice Beach, and all the best of beachside living. This prime coastal asset blends updated interiors, recent building improvements, and strong rental demand in one of Los Angeles' most desirable neighborhoods. The property offers a mix of renovated and newly leased units, with four out of five designated "Luxury Exempt" and not subject to rent control restrictions. Units 2 & 3 have been fully renovated and have a STR permit, while Units 4 & 5 were just leased at market rate, and Unit 1 is occupied by a long-term tenant providing a stable income. Additional highlights include a recently completed seismic retrofit, updated low-maintenance landscaping, garage parking options, and unbeatable proximity to the beach, restaurants, and local entertainment.With its sought-after Marina Peninsula location and combination of stability and upside, this property is a standout opportunity for investors or exchange buyers seeking a turn-key coastal asset. GOI: $290,420 ... MOTIVATED SELLER- REVIEWING ALL OFFERS
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $4,500,000 |
| Property Type | Multi-Family |
| Usable Sqft | 5,739 |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 1973 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4294003002 |
| MLS # | 25586177 |
| Property ID | 322133893 |
| Lot Sqft | 3,151 |
| Zoning | LAR3 |
| Total Units | 5 |
| Days on Market | 186 |
| Original List Price | $5,000,000 |
| Date Updated | February 23, 2026 |
| Date Created | September 02, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $3,750 | $3,750 |
| Unit #2 | 2 | 2.00 | $7,000 | $14,000 |
| Unit #3 | 1 | 1.00 | $4,000 | $8,000 |
| Gross Income (Yr) | $ 295,000 |
| Operating Expenses | $ 36,000 |
| Net Income (Yr) | $ 181,000 |
Listing Provided By
Vanessa Van Overmeer an agent of Compass. Lic #02132301
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Robert Crawford
REAL ESTATE AGENT