Beachfront condo investment in Marina Del Rey, CA

[Ruth Huard]

Investment Info:

Condo buy & hold investment.

Purchase price: $1,500,000
Cash invested: $650,000

2/2 condo on the beach in Marina Del Rey (near Santa Monica Pier and Venice Beach). Currently a 30+ day rental per the requirements of Los Angeles County. Have been renting for a year through Evolve management and thus far it is booked about 80%. It is listed on the different channels that Evolve supports - e.g., https://www.airbnb.com/rooms/54131161

What made you interested in investing in this type of deal?

Our family enjoys the beach and the surf so we often find investment properties in locations which we would also enjoy.