14 Washington BlvdMarina del Rey, CA 90292

Property Details for 14 Washington Blvd

Year built

1964

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

1,961 SF

Zone code

LAC4

Property type

Retail properties

Property subtype

Turn key restaurants

APN

4225-001-009

APU

4225001009

Description

Prime Marina del Rey restaurant for sale, asking $6,500,000. This 2,800 square foot Class A establishment, built in 1996 and renovated in 2008, sits on a 3,780 square foot lot ($1,587/SF land value). The property boasts a 100% occupancy rate across its two units and includes a valuable unrestricted Type 47 liquor license, permitting service until 2:00 AM. Features include two elegant bars, an outdoor patio, and al fresco dining with stunning ocean views. Located at 14 Washington Blvd, Marina del Rey, CA 90292, this exceptional property benefits from high foot and bike traffic, reflected in its 88 Walk Score and 85 Bike Score. This turnkey opportunity includes all furniture, fixtures, and equipment (FF&E), making it an ideal owner-user investment. The property has never been on the market in its current configuration, having undergone a complete transformation from a smaller pizza shop 25 years ago. Zoned LAC4, this is a rare chance to acquire beachfront real estate in a high-demand area with exceptionally low turnover. The sale includes both the real estate ($6,000,000) and business assets including FF&E and liquor license ($500,000). This unique offering presents a compelling investment prospect in a thriving coastal location. The property is located in Los Angeles County.

• CAP approach

  CAP return

  Valuation

  6%

  $665,982

  6.5%

  $614,753

  7%

  $570,842

• Comparable approach

  Method

  Valuation

  Relative Method

  $939,718

  Geo Method

  $939,718

• Alternative Use

  Use

  Valuation

  Residential

  $518,567

  Hospitality

  $475,005

  Educational

  $395,198

  Medical

  $408,790

  Retail

  $614,753

Location Insight

City

Marina Del Rey

County

Los Angeles

State

California

Latitude

33.9791

Longitude

-118.466

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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