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