Property listed by KELLER WILLIAMS EMPIRE ESTATES, Nazik Koperly 949-529-8039
$1,350,000
Unlock a lucrative opportunity in Marina del Rey with this fully renovated 3-bedroom, 2-bathroom property, ideally suited for builders and investors looking to maximize their return. Located just minutes from the beach, this property not only offers immediate rental potential but also comes with a ready-to-issue (RTI) permit for an… Read More additional estimated 704 square feet, allowing you to expand to a 4-bedroom, 4-bathroom layout.
Key Investment Highlights:
-Flexible Property Use: The current layout can be utilized as a spacious single-family residence or converted into two rental units: a 2-bedroom, 1-bathroom and a JADU (Junior Accessory Dwelling Unit) with 1 bedroom and 1 bathroom. Both units feature separate addresses while sharing utilities, enhancing rental income possibilities.
- Ready-to-Issue Permit (RTI): The property comes with an RTI permit to add an estimated 704 square feet, allowing for a seamless expansion. This expansion can be executed while retaining the existing kitchen and bathrooms, making it an efficient project for builders looking to increase property value quickly.
- Projected After Repair Value (ARV): Once expanded to a 4-bedroom, 4-bathroom layout, the property’s ARV is estimated between $1.8 million and $2.1 million. This significant increase in value makes it a compelling investment opportunity.
- Prime Location: Situated in the highly sought-after Marina del Rey area, this property is just minutes from the beach, ensuring strong demand and high rental yields.
- Turnkey Condition: Fully renovated and move-in ready, this property requires no immediate work, making it an attractive investment for those looking to generate income quickly.
- Growth Potential: With the added square footage and resulting ARV, you can significantly enhance the property’s market value, making it an ideal project for savvy investors and builders.
This is a prime opportunity for builders and investors to secure a property in a desirable location while benefiting from a straightforward expansion plan. Don’t miss out on the chance to capitalize on this unique investment! Read Less
Built in 1953, Living area: 950.0, Living area units: SquareFeet, 1 storey, Levels: One, Entry level: 1, Entry location: Front, Construction Materials: Frame
Community
Curbs, Park, Sidewalks
Cooling
WallWindowUnits
Energy Saving
Energy Efficiency: WaterHeater
Fence
Wood
Fireplaces
None
Floors
Laminate
Foundation
Raised, Slab
Home Owner's Association
Association Fee: $0
Interior Features
AllBedroomsDown
Laundry
ElectricDryerHookup, GasDryerHookup
Lot
0.086 acres, ZeroToOneUnitAcre
Parking
Driveway
Pool
None
Property
BuildingPermit, RepairsCosmetic, UpdatedRemodeled, Other structures: Gazebo, Cabana, CityLights
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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