25 Spinnaker St #12, Marina Del Rey, CA 90292
25 Spinnaker St #12, Marina Del Rey, CA 90292
25 Spinnaker St #12, Marina Del Rey, CA 90292
15
See all 15 photos
$1,800,000
Est. payment /mo
Save Virtual Tour
3 Beds
3 Baths
1,446 SqFt
Active

25 Spinnaker St #12 Marina Del Rey, CA 90292

Save Virtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Danielle Espinoza-Rizzio

Danielle Espinoza-Rizzio

+1(760) 660-7436

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,446 sqft

Price per Sqft $1,244

Subdivision Out Of Area

MLS Listing ID 260020885SD

Bedrooms 3

Full Baths 2

Half Baths 1

HOA Fees $838/mo

HOA Y/N Yes

Year Built 1967

Property Sub-Type Condominium

Property 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.

Location

State CA

County Los Angeles

Building/Complex Name Spinnaker

Interior

Interior Features Loft

Heating Electric

Cooling None

Fireplace No

Appliance Dishwasher, Electric Cooktop, Electric Cooking, Electric Oven, Electric Range, Freezer, Disposal, Ice Maker, Microwave, Refrigerator

Laundry Electric Dryer Hookup, Inside, Laundry Room

Exterior

Garage Spaces 2.0

Garage Description 2.0

Fence None

Pool None

Amenities Available Maintenance Grounds, Trash

View Y/N No

Roof Type Composition

Total Parking Spaces 2

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

HOA Name Spinnaker Homeowners Asso

HOA Fee Include Pest Control,Sewer

Senior Community No

Tax ID 4294005055

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://www.propertypanorama.com/instaview/snd/260020885

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)
Listed by David Dilley Gratitude Realty #02240951

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Danielle Espinoza-Rizzio

Danielle Espinoza-Rizzio

Realtor® | Real Estate Operations License ID: 02193896

+1(760) 660-7436

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Danielle Espinoza-Rizzio, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

25 Spinnaker St #12

QUICK SEARCH