1134 Marco Pl, Venice
1134 Marco Pl, Venice, CA 90291, USA
Current Cap Rate
Market Cap Rate
Nico Rosmarin and Molly First of Lyon Stahl Investment Real Estate are pleased to present 1134 Marco Place, a value-add 4-unit investment opportunity in Venice. Situated on a large 4,364 SF corner lot in one of the most highly desirable submarkets Los Angeles’s Westside, 1134 Marco Place is a rare opportunity to own property in a market with limited inventory and high demand.
The 1,870 SF building is comprised of four (4) one-bedroom / one-bathroom units, two of which have their own private patios/backyards. Originally constructed in 1949, the property has since undergone various cosmetic and internal updates, and one unit has just been fully remodeled and delivered vacant!
Just one block up from Lincoln Blvd, 1134 Marco Place’s location is more than ideal, in close proximity to popular restaurants, bars, coffee shops, and markets including Whole Foods, Starbucks, Superba Food + Bread, Deus Ex Machina, The Lincoln, Whole Foods, Erewhon Market, Costco, and many more. It is also less than a mile from the famous Abbot Kinney Blvd, dubbed by GQ as “the coolest block in America,” a mile-long strip of the latest fashion, art and food just minutes from Venice Beach. Just 5 minutes in the opposite direction is the Santa Monica Airport, slated for redeveloped into retail/park space in the next 8 years offering excellent long-term appreciation.
This highly coveted location is more than ideal for an owner-user looking to immerse themselves in the plush culture Venice has to offer as well as for an investor searching for a property that holds strong rent appeal that will produce steady returns. You don’t want to miss out on this incredible opportunity.