Category Archives: Marina Del Rey

marina del rey multifamily duplex income property for sale

Marina Del Rey, king of the multi-million $$$ MultiFamily Duplex Income Property market!

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Marina Del Rey California is certainly one of California’s most beautiful locations.  The harbor, ocean, parks yet unbelievably close proximity to LAX and downtown Los Angeles have made it a destination of many famous athletes and actors.  However, with this beauty and proximity comes fairly hefty asking prices for multifamily duplex, triplex, fourplex income properties in this amazing city.  As they say, “they are not building any more ocean front” so we can only expect prices to continue rising of the years.  Before reading more about Marina Del Rey below please click this live link to view 3 available DUPLEXES and 2 available TRIPLEXES for sale in Marina Del Rey right now!

Marina Del Rey is an affluent unincorporated seaside community in Los Angeles County and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. There is no rent control in Marina Del Rey.

Marina Del Rey’s population was 8,866 as of 2010. The estimated median household income in 2011 was $84,756 (it was $68,447 in 2000). This is larger than the California median which was $57,287 in 2011.

Fisherman’s Village offers a view of Marina del Rey’s dominant feature, the Marina, the world’s largest man-made small craft harbor with 19 marinas with capacity for 5,300 boats and is home port to approximately 6,500 boats. The harbor, the Los Angeles Times said in 1997, is “perhaps the county’s most valuable resource.” The following organizations are headquartered in Marina del Rey: AstroFlight, Gravity Interactive, Guidance, and TheBrain Technologies.

Before reading on all about Marina Del Rey, please check out a blog post I wrote a few weeks ago about the DUPLEX multifamily income market available for sale by clicking this live link!

The city also enjoys being close to a variety of conveniences. The nearest major airport is Los Angeles International Airport (LAX). This airport has international and domestic flights from Los Angeles, California and is 6 miles from the center of Marina del Rey. The Marina Del Rey Hospital is the local hospital. There are many colleges near Marina Del Rey, the biggest ones are Loyola Marymount University, Santa Monica College, University of California Los Angeles, and El Camino Community College.

Marina Del Rey has many attractions, the most popular of which is the Fisherman’s Village, a scenic mix of beautiful waterways and colorful boats. Rent a kayak, take a boat tour, relax at a neighboring beach, or just take in the views at one of the waterfront restaurants. There are also a couple of local parks: Admiralty Park and Burton Chace Park.

All of these features make Marina Del Rey a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, growing community has great attractions, a healthy work industry, and above average rent. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.

Also serving other Los Angeles County Cities.

This information was gathered from www.visitmarinadelrey.com, city-data.com, and wikipedia

Thank you for choosing MultiFamilyOwl.com in your search for a duplex, triplex, fourplex or commercial apartment for sale in Marina Del Rey.

 

Venice, Marina Del Rey & Playa Del Rey…….A multifamily income property investor’s dream or nightmare?

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Currently the average duplex or triplex available on the MLS in Venice, Marina Del Rey or Playa Del Rey is listed right around $2,000,000.

Currently there are three duplexes available in Venice California under two million.  Two of these duplexes are on Cabrillo Avenue only one block off of Abbot Kinney Blvd, both are listed right around 1.5 million and offer superb locations.  The third duplex is listed just under $1,200,000 and is located on Glencoe Ave about 1/2 mile east of Lincoln Blvd, also a central location but not nearly as close to the Abbot Kinney trendy district.

Marina Del Rey currently has even lower inventory of multifamily income properties, with the least expensive property currently available being a beautiful high-end triplex on Catamaran Street listed just under 2.5 million.  www.MultiFamilyOWL.com

Playa Del Rey California has a very unique commercial/residential duplex opportunity for sale on Culver Blvd listed on the MLS just a bit over 1.5 million.  This duplex offers the opportunity to lease the downstairs as office/business space and rent or live in the three bedroom quarters above.