CA > Out Of Area
Out Of Area, CA 94941,11 Commodore Marina LOOP Loop
Out Of Area, CA 94941,11 Commodore Marina LOOP Loop
Out Of Area, CA 94941,11 Commodore Marina LOOP Loop
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$1,747,000
Est. payment /mo
1,387 SqFt
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,387 sqft

Price per Sqft $1,259

MLS Listing ID 25-877

Year Built 1967

Source Santa Barbara Multiple Listing Service

Property Description

This completely remodeled 4-Unit Houseboat has been approved by the Commodore Marina as a short-term rental since September of 2022. All units have consistently maintained occupancy rates over 80%. Gross rental income in 2024 was $415,030, making the GRM just 4.21 years at the bidding start price, The NOI was $255,281, making the Cap Rate 14.6%.

Each unit features a raised platform bed to overlook open water views, a full kitchen including a stacking washer/dryer, a full bath with heated floors and a private outside deck area. There is also over 1000 sq. ft. of climate-controlled storage in the barge below decks with a commercial washer/dryer to allow for quick rental change overs

Location

State CA

County Out Of Area

Interior

Heating Radiant Flooring, Solar, Elec

Laundry Laundry Room, In Unit

Exterior

Parking Features Uncovered, Street

Building

Lot Description Near Public Transit

Foundation Other

New Construction No

Others

Tax ID 901-100-11

Acceptable Financing Cash, Ctel

Listing Terms Cash, Ctel

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Listed by eXp Realty of Greater Los Angeles, Inc.
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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