Property profile

14 Washington Blvd Marina del Rey, CA 90292

FOR SALE
Turn key restaurants
Property ID
US09-9617824
1,961 SF 0.09 ac lot Built 1964
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1964
Construction WOOD
Total area 1,961 SF
Lot 0.09 ac (3,780 SF)
Zoning code LAC4
APN 4225-001-009
UPID US09-9617824

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office
  • Restaurant

Location

14 Washington Blvd Marina del Rey, CA 90292
Marina del Rey metro Census 274202 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$480k

Owner & transaction history

since 2016
6 recorded transactions
2016
Price N/A
2016
Price N/A
2007
$2.7M
1989
$1.1M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LAC4 · Marina Del Rey, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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