1134 Marco Pl, Venice, CA 90291

1134 Marco Pl, Venice, CA 90291

Venice, CA

Property Description

Molly First and Nico Rosmarin of Lyon Stahl Investment Real Estate are pleased to present 1134 Marco Place, a value-add 4-unit investment opportunity, located in the highly desirable submarket of Venice. This 1,870 SF building was built in 1949 (subject to rent control) and is situated on a large 4,364 SF lot. The property is comprised of four (4) one-bedroom/one-bathroom units in a highly sought-after area that is currently going through a lot of redevelopment, increasing property values tremendously- this opportunity won’t last long.

1134 Marco Pl is ideally located, in close proximity to popular restaurants, Whole Foods, Penmar Golf Course, schools, and close to Santa Monica Airport that will be redeveloped into retail/park space in the next 10 years, offering excellent long-term appreciation.

1134 Marco Pl offers an astute investor the opportunity to acquire a multifamily asset in one of the most desirable neighborhoods of Los Angeles. By implementing a value-add program to raise rents to market level, 1134 Marco Pl is a truly unique and lucrative investment.

Property Features

  • Sale Price: $1,650,000
  • Area Size: 1,870 SF
  • Land Area: 4,364 SF
  • Year Built: 1949
  • Units: 4
  • Current GRM: 33.33
  • Current Cap Rate: 1.29%
  • Price Per Unit: $437,250
  • Market GRM: 13.25
  • Market Cap Rate: 5.70%

Lyon Stahl Investment Real Estate

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