Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    131 Fleet St Marina del Rey, CA 90292

    For Sale
    $3,275,000

    Luxury Canal-front Duplex, Prime Location

    Property size:
    4,416 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Marina del Rey property presents a rare opportunity to acquire a meticulously maintained, two-unit duplex boasting over 4,416 square feet of living space. Situated on a desirable corner lot (4,005 sq ft) overlooking the Venice Grand Canal, this 1973-built property offers two expansive, side-by-side townhome-style units, each approximately 2,200 square feet. Each unit features three levels, including two bedrooms and a loft/den in one unit, ideal for a home office or studio. Private roof decks and garages enhance the privacy and luxury of each residence. One unit includes a unique spa/pool. The units are filled with natural light and offer spacious interiors perfect for entertaining. Enjoy panoramic views from the oversized roof decks, capturing stunning sunsets and ocean breezes. This prime location provides easy access to Abbot Kinney Boulevard, the Venice Canals, Farmers Market, and the beach. The property is currently 100% occupied, offering immediate income potential. The asking price is $3,275,000, with a price per unit of $1,637,500 and a price per square foot of $741.62. The property is zoned LARW2. This is an unparalleled opportunity for owner-occupancy or a lucrative buy-and-hold investment.

    Property Features for 131 Fleet St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,416 SF

    Building Details

    Year Built
    1973
    Buildings
    2
    Units
    2

    HighLights

    • $3,275,000 asking price for this Marina del Rey multifamily property.
    • 4,416 square feet, two units, 100% occupancy.
    • $741.62 price per square foot and $1,637,500 price per unit.
    • Located at 131 Fleet St, Marina del Rey, CA 90292, on a 4,005 sq ft corner lot.
    • Built in 1973, this two‑building property is zoned LARW2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marina del Rey
    County
    Los Angeles
    State
    California
    Longitude
    -118.4621374
    Latitude
    33.9771961

    Nearby Similar for Sale

    • $2,495,000
      2,092 SF

      Ocean-View Residential Income Property

      Renovated Marina Del Rey income property with ocean views.
      14 Northstar St, Marina del Rey, CA 90292
      View Details
    • New
      $3,995,000
      4,224 SF

      Marina Del Rey Triplex

      Triplex near the beach with modern upgrades and private garages.
      3900 Pacific Ave, Marina del Rey, CA 90292
      View Details
    • $4,500,000
      5,739 SF

      Marina Del Rey Multifamily Investment

      Five-unit income property near the beach in Marina Del Rey.
      14 Mast St, Marina del Rey, CA 90292
      View Details
    • $1,050,000
      950 SF

      Renovated Home with ADU Potential

      Renovated Los Angeles home with flexible ADU configuration.
      12441 W Verdi 12441.5, Marina del Rey, CA 90066
      View Details
    • $1,950,000

      Contemporary Canal-Facing Townhome

      Coastal living in a desirable location, close to the beach.
      310 Washington Blvd, Marina del Rey, CA 90292
      View Details
    • $1,749,000
      2,400 SF

      Rare Penthouse in Marina Del Rey

      Upgraded penthouse with 25-foot ceilings, near beach and Grand Canal.
      4250 Via Dolce, Marina del Rey, CA 90292
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Luxury Canal-front Duplex, Prime Location
    Where is this multifamily property located?
    The property is located at 131 Fleet St Marina del Rey, CA.
    What is the asking price?
    The asking price for this property is $3,275,000.
    What are key features of this property?
    This property features: $3,275,000 asking price for this Marina del Rey multifamily property.; 4,416 square feet, two units, 100% occupancy.; $741.62 price per square foot and $1,637,500 price per unit.
    Request Owner's contact information
    131 Fleet St Marina del Rey, CA 90292
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    131 Fleet St
    Marina del Rey, CA 90292
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    131 Fleet St Marina del Rey, CA 90292
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.