LOCATION, LOCATION, LOCATION!!! Double lot, 5,429 SQ FT. Zoned R3 lot is located in a prime Marina Peninsula location. It is second line to the beach. You CAN NOT find these types of properties anymore. This property is an idea for Developers or Investors as one. This well maintained income property is a rare opportunity to buy and hold, or redevelop as Silicon Beach continues to explode. It is situated within walking distance of restaurants, shops, trendy Abbot Kinney and the Marina. There are currently three structures on the property totaling a 2,375 SQ FT. of living space, which consist of 5 units - Two 1 Bedroom, Two 2 Bedroom, One Studio. Four units will be delivered vacant on close of Escrow. Buyer to investigate development options which are subject to the coastal commission approval. This property includes both 111 Catamaran & 109 Catamaran which are to be held as one parcel.