101 Catamaran Street

Marina del Rey, CA 90292

$3,300,000
Price
12
Beds
7.5
Baths
5,661 Sq. Ft.
$583 / Sq. Ft.
5,661
Sq. Ft.
$583
per Sq. Ft.

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...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!
  1. Listed by Tamra (Tami) Pardee • DRE #01421451 • Brokerage DRE #01421451 • Pardee Properties
  2. Listed by Paige Ogden • DRE #02060052 • Brokerage DRE #01421451 • Pardee Properties

Property Details for 101 Catamaran Street

Zoning
LAR3
Style
Bungalow
Parcel Number
4225004005
Total Units
6.0
Living Area
5661
Source Living Area
Vendor Enhanced
Area
Marina Del Rey (C12)
Vacancy Rate
80%

Open Houses

Sunday, Feb 23rd

1:00 PM - 4:00 PM

Public

LISTING UPDATED: 02/21/2025 12:02 PM

Property Details for 101 Catamaran Street

StatusActive
MLS #24-411166
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.12 AC / 5,021 SF
CountyLos Angeles County

Building Information for 101 Catamaran Street

Stories2Residences-Year Built1964Building Size-Lot Size0.12 AC / 5,021 SF

Property Information for 101 Catamaran Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Attached
  • View: Yes
  • View Description: City, City Lights, Tree Top
  • View: City Lights
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: West
  • Sewer: In Street
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan, Conventional
  • Disclosures: As Is, Coastal Commission Restrictions, Coastal Zone
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $244,912
  • Net Operating Income: $188,412.00
  • Gross Income: $259,160
  • Gross Rent Multiplier: $13.83
  • Total Annual Expense: 80748
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1153
  • Lot Size Square Feet: 5021
  • Lot Features: Front Yard, Landscaped
  • Lot Description: Fenced, Front Yard, Landscaped, Sidewalks
Parking Details
Parking Details
  • Parking Garage: Carport, Assigned
  • Total Parking: 6
  • Covered Parking: 6
  • Parking Features: Carport, Assigned
Interior Features
Interior Features
  • Room Type: Primary Bathroom, Living Room
  • Rooms: Dining Area, Master Bedroom, Living Room
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Ceiling Fan
  • Heating: Radiant
  • Heating Type: Radiant
  • Flooring: Carpet, Mixed, Tile, Wood
  • Equipment: Refrigerator, Dishwasher, Dryer, Washer
  • Interior Features: Living Room Balcony, Open Floor Plan, Turnkey, Drywall Walls
  • Room Kitchen Features: Tile Counters
  • Kitchen Features: Tile Counters
  • Room Bathroom Features: Tile Counters
  • Bathroom Features: Tile, Shower Over Tub
  • Bedroom Features: Master Bedroom
  • Cooking Appliances: Oven, Oven-Gas, Gas
  • Laundry: Community, Room
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Patio Features: Balcony
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-16-2025
  • Listing Terms: Cash, Cash To New Loan, Conventional
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,258.10
  • Unit Actual Rent: $3,904.40
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,472.00
  • Unit Actual Rent: $2,292.40
  • Unit Projected Rent: $.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,850.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,650.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,950.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111

Property History for 101 Catamaran Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 101 Catamaran Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Coeur D'Alene Avenue Elementary School
PublicK to 5

Marina Del Rey Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

Westside Global Awareness Magnet
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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101 Catamaran Street is a multi-family home for sale in Marina del Rey, CA 90292. This property was listed for sale on January 16, 2025 by Pardee Properties, it's currently listed at $3,300,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Coeur D'Alene Avenue Elementary School, Marina Del Rey Middle School and Venice Senior High School. 101 Catamaran Street is a 12-bed, 7.5-bath, 5,661 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pardee Properties, Tamra (Tami) Pardee, DRE #01421451; Pardee Properties, Paige Ogden, DRE #02060052

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.