Homes for sale - 924 Marco Pl, Venice, CA 90291

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John Matukas

john.matukas@exprealty.com +1(323) 377-4961

$2,995,000

Est. payment - /mo

8 Beds

6 Baths

3,564 SqFt

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UPDATED:

10/22/2024 06:07 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,564 sqft

Price per Sqft $840

MLS Listing ID 24-425941

Style Bungalow

Bedrooms 8

Construction Status Updated/Remodeled, Value Mainly In Land

Year Built 1925

Lot Size 7,203 Sqft

Acres 0.1654

Property Description

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.

Location

State CA

County Los Angeles

Area Venice

Zoning LAR2

Rooms

Other Rooms None

Interior

Heating Floor

Cooling None

Flooring Wood

Equipment Other, Washer, Dryer, Refrigerator

Exterior

Parking Features Garage

Garage Spaces 6.0

Pool None

View Y/N Yes

View Walk Street, Courtyard

Building

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

Story 2

Foundation Raised

Architectural Style Bungalow

Level or Stories Two

Construction Status Updated/Remodeled, Value Mainly In Land

Others

Special Listing Condition Standard

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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Kidder Mathews of California, Inc.

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John Matukas

+1(323) 377-4961

Dedicated to Your outcome

924 Marco Pl Venice, CA 90291

John Matukas

Key Details

Location

Rooms

Interior

Exterior

Building

Others