Compare Listings

1134 Marco Pl, Venice, CA 90291

$1,795,000

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 Downloads

Address

  • City: Venice
  • State/county: CA
  • Country: United States

Detail

Updated on August 26, 2019 at 9:38 pm

  • Price: $1,795,000
  • Property Size: 1,870 Sq Ft
  • Land Area: 4,364 Sq Ft
  • Year Built: 1949
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 4
  • GRM: 34.21
  • CAP RATE: 1.23%
  • Price per Unit: $448,750
  • Market GRM: 14.67
  • Market CAP RATE: 5.01%

Contact info

Molly First
Molly First
(424) 210-9129(310) 913-2488
Linkedin
Nico Rosmarin
Nico Rosmarin
(424) 226-9449(303) 819-5225
Linkedin

Inquire about this property

Agent Properties