Address not disclosed Marina Del Rey, CA 90292

There are a total of 6 units within 2 buildings (5 LEGAL APARTMENTS + 1 RETAIL). 3 of the tenants are commercial and 3 are multi-residential. The commercial tenants are on a month to month tenancy, the multi-residential units are subject to the LA City Rent Control Ordinance which permits limited increases in rent for existing tenants each year. Upon the tenant vacating the units, they may be rented at whatever the market will bear. The rents are below market and the present Gross Scheduled Income from rents is $91,800. The projected market rent is $113,460 which translates to a GRM of 13.22 and a CAP rate of 5.21% when accounting for new property taxes, insurance and operating expenses. Offerings of this kind are very rare due to the limited turnover of properties in this prime location.. Location:United States.