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1134 Marco Pl, Venice

For Sale

4 UNITS

$1,649,000

1/34

PROPERTY LOCATION

1134 Marco Pl, Venice, CA 90291, USA

PROPERTY DETAILS

Property Type

Multifamily

Units

Price/Unit

4

$424,750

Price/Sqft

$908.56

Building Sqft

1870

Lot Sqft

Current Cap Rate

4364

3.56%

Current GRM

19.05

Year Built

1949

Zoning

Market Cap Rate

LARD2

6.28%

Market GRM

12.42

CONTACT

LISTING TEAM

Nico.jpg

Nico Rosmarin

424.226.9449

DRE 02023847

Nico.jpg

Molly First

424.210.9129

DRE 02065583

INVESTMENT DESCRIPTION

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.

© 2020 ROSMARIN INVESTMENT GROUP | 239 OREGON ST | EL SEGUNDO, CA 90245

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