Experience coastal living and a unique income opportunity on the Marina Peninsula, just steps from the beach! This recently renovated property offers two distinct living spaces, each with its own private entrance. The 2BR/2BA residence features an exceptionally large, versatile loft ideal for an additional bedroom, home office, creative studio, or flexible 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 1BR/1BA studio with its own private entrance adds flexibility and income potential. Both units are currently rented, generating a combined $9,000 per month ($108,000 annually) in gross rental income. Enjoy hardwood floors, abundant natural light, and modern updates that complement the property's mid-century character. The Marina Peninsula location puts you close to the beach, Venice Beach, Abbot Kinney Boulevard, restaurants, shopping, and coastal recreation. Two separate living spaces, a versatile loft, ocean-view outdoor space, and current rental income make this a distinctive opportunity to enjoy the Marina Peninsula lifestyle. RECENT AND CURRENT IMPROVEMENTS A new roof and fresh paint job are currently in progress, adding to the property's appeal and refreshing its coastal presentation. Buyers should verify the scope of work and completion status. PARKING AND CONVENIENCE The property features a two-car attached garage, offering valuable private parking and convenient access in this sought-after beachside location. A DISTINCTIVE MARINA PENINSULA PROPERTY OFFERING COASTAL LIVING, FLEXIBLE SPACE, AND CURRENT RENTAL INCOME. Located just steps from the beach, this recently renovated property offers two separate living spaces, each with its own private entrance. THE 2BR/2BA RESIDENCE The primary residence features two bedrooms and two bathrooms, plus an exceptionally large, versatile loft that expands the possibilities of the home. Imagine a home office, creative studio, reading retreat, entertainment area, or additional flexible living space. The loft offers room to adapt to a variety of needs. The loft opens onto a private sundeck with Pacific Ocean views, providing an inviting outdoor retreat to relax and enjoy the coastal atmosphere. The combination of flexible interior space and ocean-view outdoor living makes this residence especially distinctive. A SEPARATE 1BR/1BA STUDIO The property also includes a separate one-bedroom, one-bathroom studio with its own private entrance. This independent living space adds versatility and creates options for different living arrangements, subject to the buyer's intended use and applicable requirements. CURRENT RENTAL INCOME The 2BR/2BA residence currently rents for $6,500 per month, and the separate 1BR/1BA studio rents for $2,500 per month, for combined gross rental income of $9,000 monthly ($108,000 annually). HOA dues are approximately $838 per month ($10,056 annually), leaving $97,944 annually after HOA dues alone, before property taxes, insurance, maintenance, and other expenses. Buyers should independently verify current rents, HOA dues, lease terms, and all property details. COASTAL CHARACTER AND COMFORT Hardwood floors, abundant natural light, and modern updates complement the property's mid-century character. The separate entrances provide distinction between the two living spaces, while the oversized loft and private sundeck add features that set this property apart from more conventional coastal residences. THE MARINA PENINSULA LIFESTYLE Enjoy a beach-oriented setting with convenient access to the sand, coastal recreation, restaurants, shopping, and the distinctive atmosphere of nearby Venice Beach and Abbot Kinney Boulevard. A rare combination of a 2BR/2BA residence, oversized versatile loft, private sundeck with Pacific Ocean views, and separate 1BR/1BA studio—along with current reported gross rental income of $108,000 annually—makes this a compelli...
