Listing banner image
  • Asking Price
    $5,395,000Asking Price
  • Property Type
    MultifamilyProperty Type
  • Total Units
    6Total Units
  • Cap Rate
    4.75%Cap Rate
  • GRM
    14.28GRM
  • Price/SF
    $957.58Price/SF

Description

3607 Pacific is a rare six-unit beach offering on the Marina Peninsula, steps from the sand and the iconic Venice Pier. The property features six spacious two-bedroom residences in true pride-of-ownership condition, with private patios or roof terraces, abundant natural light, and one dedicated parking space per unit. A completed soft-story retrofit removes a key barrier for institutional and 1031 buyers, while in-place rents leave meaningful upside through natural turnover and a potential ADU subject to City approvals.

  1. Steps from the sand on the Marina Peninsula
  2. Six spacious 2BR / 1BA units in pride-of-ownership condition
  3. Private patios and roof terraces
  4. Soft-story retrofit complete
  5. One dedicated parking space per unit
  6. Upside through natural turnover and a potential ADU, subject to City approvals

Offering Summary

  • Asking Price
    $5,395,000
  • Price PSF
    $957.58
  • Price/Unit
    $899,167
  • Property Type
    Multifamily
  • Built
    1964
  • Total Acres
    ~0.15 ac

Sale Details

  • Cap Rate
    4.75%
  • GRM
    14.28
  • Cash-on-Cash
    3.50%

Documents

Property Address

3607 Pacific Ave
Marina del Rey, CA 90292

Property Details

  • Property Type
    Multifamily
  • Total Units
    6
  • Year Built
    1964

Deal Team

Filip Niculete profile image

Filip Niculete

Senior Managing Director, Investments Senior Managing Director, Investments
Marcus & Millichap
CA RE Lic. 01905352
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