924 Marco Place Venice, CA ^$ 3,100,000

924 Marco Place

^$ 3,100,000

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924 Marco Place

Venice, CA, 90291

^$ 3,100,000

Bedrooms8 Baths6.0 Sq 3,564

Monthly Estimate*

^$ 21,654

Listed by Robert Leveen

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Multi-Family Home for sale in Venice, CA

for $3,100,000 with 8 bedrooms and 6 full baths. This 3,564 square foot home was built in 1925 on a lot size of 0.1654.

Price Adjustment! Lee & Associates Apartment Advisors is pleased to present Marco Circle apartments located in Venice, CA. First time on the market in 40 years! The property is situated on the world-famous Walk Streets of Venice, and is the only apartment property located on the idyllic Millwood-Venice walk streets. The 3,564 SF property is comprised of three duplex buildings of four x one bedroom/one bath bungalows, and two x two bedroom/one bath apartments. The property is situated on a 7,201 SF R2 Parcel. Soft Story retrofit work has been completed, and two recently leased units have been renovated. Subject to city of Los Angeles RSO. One unit is vacant. Across from recently constructed architectural single family homes. Please do not disturb tenants or walk on property. Please contact listing agents for more information.

Multi-Family Active

Price

^$ 3,100,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1654

Year Built

1925

Town/City

Venice

County/Region

Los Angeles

MLS | Web ID

24351903

Days on Market

104

Features

General

Heating WallFurnace

Cooling None

Zoning LAR2

Year Built 1925

Stories 2

Levels Two

Gross Income 164304.0

County Los Angeles

Net Operating Income 95663.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Lincoln Blvd & Marco Place.

City Venice

Disclosures TrustConservatorship

View Y/N N

Senior Community Y/N N

Total Units 6

MLS Area C11 - Venice

Lot Size Square Feet 7203.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Marco

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 82

Standard Status Active

Cap Rate 3.0

Exterior

Total Parking 4.0

Lot Size Area 7203.0

Number of Buildings 3

Spa N

Building Area Total 3564.0

Lot Dimensions 80x90

Lot Size Acres 0.1654

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Place

Total Bedrooms 8

Electric On Property Y/N N

Total Baths 6

Internal Only

Street Number 1 924

* Excluded Features

List By

Robert Leveen

Broker

(213) 995-6684

Phone

Affordability Calculator

$21,654

Per Month

Monthly Principal & Interest: $21,654
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Venice, CA

Average List Price ^$2,931,609

Percent of Sale Price 5%

About Venice, CA

29,124 Population

-6% Since 2002

^$89,009 Median Income

41.51 Median Age

14% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/8/2024	$3,100,000	-11.43%	Price Down
1/26/2024	$3,500,000		Listed Price

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924 Marco Place, Venice, CA, 90291 is a Multi-Family Home for sale at $3,100,000 with 3,564 sqft and a lot size of 0.1654. 924 Marco Place has 8 bedrooms, 6.0 baths, and was built in 1925. The property's zip code is 90291 which is in Venice, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/8/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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924 Marco Place

Multi-Family Home for sale in Venice, CA

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