$ 1,800,000
-
$1,800,000
Price -
3
Bed -
3
Bath -
1,446
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing SAND-69470 - SAND-708156
Discover a distinctive coastal property on Marina Peninsula, just steps from the beach! This unique offering features two separate living spaces, each with its own private entrance, plus a two-car attached garage—a valuable feature in this sought-after beachside location. The main residence offers 2 bedrooms and 2 bathrooms, plus an exceptionally large loft that provides flexible space for a home office, creative studio, or additional living area. The loft opens onto a private sundeck with Pacific Ocean views, creating a special place to relax and enjoy the coastal setting. A separate 1-bedroom, 1-bathroom studio adds versatility and rental income potential. Both spaces are currently rented, generating a combined $9,000 per month ($108,000 annually) in gross rental income. Monthly HOA dues are approximately $838. Rental income is gross and does not account for property taxes, insurance, maintenance, vacancy, or other expenses; buyers should independently verify rents, leases, HOA dues, and property details. Hardwood floors, abundant natural light, and modern updates complement the property's character. A new roof and fresh exterior paint are currently in progress and have not yet been completed. Enjoy convenient access to the beach, coastal recreation, restaurants, shopping, Venice Beach, and Abbot Kinney Boulevard. A rare opportunity to enjoy a flexible coastal property with ocean-view outdoor space, private parking, and current rental income. **RENTAL INCOME AND PROPERTY DETAILS** The property currently generates reported gross rental income of $6,500 per month from the 2-bedroom, 2-bathroom residence and $2,500 per month from the separate 1-bedroom, 1-bathroom studio, totaling $9,000 monthly ($108,000 annually). Monthly HOA dues are approximately $838 ($10,056 annually). After HOA dues alone, $97,944 in annual rental income remains, before property taxes, insurance, maintenance, utilities, vacancy, and other expenses. This is not net operating income or profit. A new roof and fresh exterior paint are currently in progress and have not yet been completed. Buyers are advised to independently verify rental amounts, lease terms, HOA dues, property expenses, square footage, and all property information to their satisfaction.
Listing Highlights for 25 Spinnaker St Unit 12
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full / 1 Half
- Appliances: Dishwasher, Electric Cooktop, Electric Cooking, Electric Oven, Electric Range, Freezer, Disposal, Ice Maker, Microwave, Refrigerator
- Air Cond:
- Heating: Electric
- Fireplaces:
- Floor:
- Basement:
- Other: Loft
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 2
- Roof: Composition
- Others: Stucco
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4294005055
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
25 Spinnaker St Unit 12 Marina Del Rey, CA 90292
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
