924 928 Marco Place
Venice, CA 90291
- – beds
- – baths
- – sqft
- 7,203 sqft lot
- 1925 build
- – on site
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.
Last checked:
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Last updated Oct 22, 2024
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MLS# 24425941 —
The Building
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Year Built:1925
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New Construction:No
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Architectural Style:Bungalow
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Foundation:Raised
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Building Area Total:3564.00
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# of Buildings:3
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Total Number Of Units:6
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Stories Total:2
Interior
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Levels:Two
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Entry Location:Ground Level - no steps
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Flooring:Wood
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Laundry:Washer Included, Dryer Included
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Laundry:1
Location
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Directions:https://www.google.com/maps/place/926+Marco+Pl,+Venice,+CA+90291/@33.9950219,-118.4599198,17z/data=!3m1!4b1!4m6!3m5!1s0x80c2baeb5e6f01cd:0x3ffa12b6b39f9454!8m2!3d33.9950175!4d-118.4573449!16s%2Fg%2F11cscsns3d?entry=ttu
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Latitude:33.99506100
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Longitude:-118.45743200
The Property
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Property Type:Residential Income
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Property Condition:Updated/Remodeled
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Zoning:LAR2
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Lot Features:Secluded
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Lot Size Area:7203.0000
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Lot Size Dimensions:80x90
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Lot Size Acres:0.1654
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Lot Size SqFt:7203.00
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View:1
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View:Courtyard
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Security Features:Gated Community
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4241024008
Heating & Cooling
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Cooling:No
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Cooling:None
Appliances
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Appliances:Refrigerator
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Included:Yes
The Community
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Senior Community:No
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Pool:None
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Private Pool:No
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Spa Features:None
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Garage
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Parking Spaces:6.00
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Garage Spaces:6.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
8/13/24
Aug 13, 2024
|
Listed / Active | CRMLS_CA | $2,995,000 |
