924 Marco Place

Venice, CA 90291

$3,100,000
Price
8
Beds
6
Baths
3,564 Sq. Ft.
$870 / Sq. Ft.
3,564
Sq. Ft.
$870
per Sq. Ft.

Description

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...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.
  1. Listed by Robert Leveen • DRE #01476685 • Brokerage DRE #01476685 • Robert Leveen

Property Details for 924 Marco Place

Zoning
LAR2
Parcel Number
4241024008
Total Units
6.0
Living Area
3564
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
3%
Lot Size Area
7203

Location

Listing Courtesy of Robert Leveen, Robert Leveen, DRE #01476685
Add your commute
LISTING UPDATED: 04/16/2024 09:07 AM

Property Details for 924 Marco Place

StatusActive
MLS #24-351903
Days on Market98
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.17 AC / 7,203 SF
CountyLos Angeles County

Location

Listing Courtesy of Robert Leveen, Robert Leveen, DRE #01476685
Add your commute

Building Information for 924 Marco Place

Stories2Residences-Year Built1925Building Size-Lot Size0.17 AC / 7,203 SF

Payment Calculator

$17,376 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,918

Property Taxes

$458

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 924 Marco Place

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Duplexes
Contract Info
Contract Info
  • Disclosures: As Is, Trust/Conservatorship
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $160,375
  • Net Operating Income: $95,663.00
  • Gross Income: $164,304
  • Cap Rate: 3.00%
  • Gross Rent Multiplier: $21.68
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 64711
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1654
  • Lot Size Square Feet: 7203
  • Lot Size Dimensions: 80x90
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 4
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-26-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $936.00
  • Unit Actual Rent: $936.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,496.00
  • Unit Actual Rent: $2,496.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,600.00
  • Unit Actual Rent: $3,600.00
  • Unit Projected Rent: $4,250.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,018.00
  • Unit Actual Rent: $2,018.00
  • Unit Projected Rent: $4,250.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,248.00
  • Unit Actual Rent: $1,248.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $153,791.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $230,699.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $384,490.00

Property History for 924 Marco Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 924 Marco Place

Taxable ValueLand$230,699Additions$153,791Total$384,490
Tax Record2023$5,493 ($458 / month)
Home Facts
Total Finished SqFt3,564 SqFtAbove Grade Finished SqFt3,564 SqFtLot Size7,201 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningLAR2CountyLOS ANGELESAPN4241-024-008

Schools near 924 Marco Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 6
Public - 6 to 8
Rating
School
Distance
Walgrove Avenue Elementary School
PublicK to 5

Westminster Avenue Elementary School
PublicK to 5

Broadway Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

924 Marco Place is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on January 25, 2024 by Robert Leveen, it's currently listed at $3,100,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Walgrove Avenue Elementary School, Westminster Avenue Elementary School and Broadway Elementary School. 924 Marco Place is a 8-bed, 6-bath, 3,564 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Robert Leveen, Robert Leveen, DRE #01476685

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.