Marina Pointe

Moran & Company is pleased to announce that it is the exclusive listing broker for Marina Pointe, a 583-unit apartment community in Marina del Rey, California built in 1993. This is a rare opportunity to acquire one of the most significant multifamily assets on the coveted west side of Los Angeles. While many of the major apartment communities in Marina del Rey are on ground leases, this offering includes fee ownership of the land. In addition, Marina Pointe is financed with low-cost, tax exempt bonds, and offers numerous opportunities to boost operating income, including an expansion of an upgrade program that was discontinued in 2008, but has been generating significant rent premiums in the last six months.

ONE OF THE MOST DESIRABLE LOCATIONS IN SOUTHERN CALIFORNIA

Marina del Rey is an ideal place for professionals who enjoy the beach lifestyle, and want a short commute to major job centers, such as Westwood, Century City, and downtown Los Angeles. It is also just 10 minutes from LAX. Marina Pointe offers easy access to Marina del Rey’s 6,100 boat-slip marina, as well as Mother’s Beach and numerous restaurants, shops, and recreational amenities in the immediate area. The property is across the street from Marina del Rey’s largest shopping center, the 470,000 sq. ft. Villa Marina Marketplace, which includes a Gelson’s, a Pavilions, an L.A. Fitness Center, two movie theaters, a Coffee Bean, and dozens of restaurants and other retailers.

The famous boardwalk at Venice Beach is a short bike ride or walk down Washington Boulevard, and is a weekend hotspot for people from all over Los Angeles County. Marina Pointe residents also have access to a variety of upscale restaurants, coffee shops, and clubs in Marina del Rey, Venice, and nearby Santa Monica. Marina Pointe represents Southern California waterfront living at its finest.