4112-4136 Del Rey Ave
Marina Del Rey, CA 90292
Del Rey Collection · Land For Sale · 2.83 AC
INVESTMENT HIGHLIGHTS
- Over 1,200 new residential units developed over the last 10 years.
- 75% of existing tenants have expressed a desire to extend Lease term
- 300 feet of frontage along Del Rey Avenue
- 62,467 sf of existing improvements which allows for cash flow opportunities through lease up during the entitlement period.
- FAR of 1.0 to possibly 2.5—paving way for 123,000 – paving way for 215,000 to over 300,000 square feet of new construction (Buyer to verify)
- Over 200 existing surface parking spaces
PROPERTY FACTS
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.83 AC |
DESCRIPTION
Del Rey Collection is a triple lot configuration with 300 linear feet of frontage and over 400 feet of depth on Del Rey Avenue. Current improvements include a series of single-story office buildings comprising ±62,467 square feet of industrial warehouse and creative office space with +/-200 of surface level parking. All Month-to-Month Leases at very under-market rates.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,681,800 | |
| Land Assessment | $33,813,000 | Total Assessment | $38,494,800 |
ZONING
| Zoning Code | LACM(GM) |
