Open House: Tue, Oct 22nd 11:00 AM - 1:00 PM PDT

Active

924 Marco Pl

Venice CA, 90291

$2,995,000


$840.35 per sqft

Active

8 Beds

6 Baths

3,564 sqft

Multi-family

Built in 1925

A Venice walk street, 6 well-maintained units with alluring artisanal features, tremendous upside, AND development potential. Located in the heart of the world-famous Walk Streets of Venice, adjacent to other bustling neighborhoods such as Santa Monica, Marina Del Rey, and Mar Vista, "Venice Walk Street 6" showcases the best features of old Venice. With trendy eateries, bars, shops, and iconic landmarks and beaches just minutes away, the property benefits from an insatiable rental demand and legendary long-term capital appreciation. The property's proximity to renowned employers such as Sony, Amazon, Snapchat, Hulu, CBS, Adobe and Oracle only reinforce its historic, iconic location and potential as both an income property or a development site."Venice Walk Street 6" showcases unique artisanal construction and features, providing each unit with one dedicated parking space, gated entry, and a communal lounging patio. The front entrance to the property is guided by a secluded walkway, with the garages running along the opposing street. The property is comprised of 3 duplex buildings, and offers an efficient mix of four (1+1) units and two (2+1) units.In its current form, there is significant rental upside through relet, however, with premium upgrades an investor may be able to create a new market rate beyond the published market target. The garages, which are mostly vacant, are excellent potential ADU candidates and if desired, an operator utilizing a furnished hospitality concept, could see cash flow multiply well beyond traditional expectations.Developers take note, as this large, nearly square 80*90 LAR2, 7,201 SF double lot offers the potential to build an amazing compound or small lot project. With uber lux new single family construction on the block, there is a variety of exit and investment tracks a developer can take this property.

24-425941

MLS ID

August 13, 2024

Listed

October 22, 2024

Updated

Map

924 Marco Pl
Venice CA, 90291

Interior Features

Total Stories

2


Bedrooms

8


Total Bathrooms

6


Appliances

Other, Washer, Dryer, Refrigerator


Floor Description

Wood


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Floor

Exterior/Building Features

Lot Size

0.17 Acres


Lot Features

2-4 Lots, Fenced, Walk Street, Secluded, Redevelopment Area


Architectual Style

Bungalow

Other Property Details

Area Name

Venice


Days on Market

73


Garage

Yes


Garage Spaces

6


Parking

Garage


Parking Total

6


View

Yes


View Description

Walk Street, Courtyard


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LAR2

Open House Schedule

Tue, Oct 22nd

11:00 AM - 1:00 PM PDT

Listed by Scott Rosenberg with Kidder Mathews of California, Inc.
Listing Contact: 310-889-8738 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Eve Capital shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/22/2024

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