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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 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!
Property Type(s):
Single Family
| Last Updated | 3/6/2026 | Year Built | 1953 |
|---|---|---|---|
| Community | C12 - Marina Del Rey | County | Los Angeles |
Price History
| Prior to Mar 6, '26 | $1,350,000 |
|---|---|
| Mar 6, '26 - Today | $1,339,000 |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, ENERGY STAR Qualified Water Heater, Gas Range, Microwave, Range Hood, Refrigerator, Water Heater |
| AREA | C12 - Marina Del Rey |
| CONSTRUCTION | Frame |
| LOT | 3746 sq ft |
| LOT DIMENSIONS | 3748 |
| PARKING | Driveway |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
| WATER | Public |
Location
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Listed with KELLER WILLIAMS EMPIRE ESTATES
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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