25 Spinnaker St 12,Marina Del Rey, CA 90292
Marina Del Rey, CA 90292
Description
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.
Details
| MLS # | 260020885SD |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $838 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1967 |
| Days On Site | 77 |
| Listing Provided By | Gratitude Realty | David Dilley |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,446 |
| Garage | 2 |
| Story(s) | 2 |
Interior
| Cooling | None |
|---|---|
| Heating | Electric |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | Loft |
| Appliances | Dishwasher, Electric Cooktop, Electric Cooking, Electric Oven, Electric Range, Freezer, Disposal, Ice Maker, Microwave, Refrigerator |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Stucco |
| Fencing | None |
Parking
| Garage Yes / No | Yes |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Marina Del Rey |
| Zip Code | 90292 |
| Community Name | Out Of Area |
| Listing VS Median (in Out Of Area) | |
Price: $1,800,000 low | high Med: $611,944 sqft: 1,446 low | high Med: 2,079 $ / sqft: $1,245 low | high Med: $296 On site: 77 low | high Med: 108.5 | |
Market Activity 90292
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Marina Del Rey |
| Zip Code | 90292 |
| Community Name | Out Of Area |
| Listing VS Median (in Out Of Area) | |
Price: $1,800,000 low | high Med: $611,944 sqft: 1,446 low | high Med: 2,079 $ / sqft: $1,245 low | high Med: $296 On site: 77 low | high Med: 108.5 | |
 | $1,649,90014 Reef Street 1Marina Del Rey, CA 90292 |
