NOT LISTED FOR SALE

1125 Marco Place Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,114,000 - $2,730,000

4 Beds
5 Baths
2,046 Sq Ft
$1,163/Sq Ft Est. Value

Sale Details

Date Sold: October 13, 2021

Last sale price $2,055,000 $1,004 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $14,805 / mo

17 Days on Market

Highlights

  • Detached Guest House
  • Built in 1927 | Newly Remodeled
  • City Lights View
  • Venice High School Rated A
  • Gourmet Kitchen
  • Contemporary Architecture

About This Home

As of October 2021

Smart Home Living in Venice! This 4Bd/4.5Ba home is ahead of its time! With over 2,000 square feet and a short walk to The Iconic Lincoln BLVD, the options are endless! This updated beauty comprises the Smart Home technology of segmented rooms and smart locks that allow the owner to section off portions of the home so that whether they are starting a business from the ground up and require rooms for their partners or engaged in a co-living situation, either would work seamlessly. An open floor plan with crisp white walls set the stage for the new owner to make this home their own. The bonus studio on property is 400 square feet of in-law space, studio, or a potential tiny home. Both buildings have access to the private backyard that is perfect for hosting or creating! Let your imagination run wild with this unique property!

Last Agent to Sell the Property

Erin Alls

Erin Alls License #01906094 Listed on: 08/27/2021

Last Buyer's Agent

Amy Black

Redfin License #01454740

Redfin

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1927 | Newly Remodeled

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40x100
  • North Facing Home
  • Fenced Yard
  • Property is zoned LAR1

Property Views

  • City Lights
  • Trees

Home Design

  • Contemporary Architecture
  • Turnkey

Interior Spaces

  • 2,046 Sq Ft Home
  • 1-Story Property
  • Dining Area
  • Bonus Room

Kitchen

  • Gourmet Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Remodeled Bathroom
  • Powder Room

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Alarm System

Parking

  • 1 Parking Space
  • Driveway

Additional Features

  • Balcony
  • Detached Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4242-008-016

Home Details

Home Type

Single Family

Year Built

Built in 1927 | Newly Remodeled

Lot Details

4,000 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Smart Home Living in Venice! This 4Bd/4.5Ba home is ahead of its time! With over 2,000 square feet and a short walk to the iconic Lincoln BLVD, the options are endless! This updated beauty comprises the Smart Home technology of segmented rooms and smart locks that allow the owner to section off portions of the home so that whether they are starting a business from the ground up and require rooms for their partners or engaged in a co-living situation, either would work seamlessly. An open floor plan with crisp white walls set the stage for the new owner to make this home their own. The bonus studio on property is 400 square feet of in-law space, studio, or a potential tiny home. Both buildings have access to the private backyard that is perfect for hosting or creating! Let your imagination run wild with this unique property!
  • Entry Location: Main Level
  • Living Area: 2046
  • Lot Acreage: 0.0918
  • Lot Dimensions: 40x100
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: New Construction
  • Stories: 1
  • Year Built: 1927
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Turnkey
  • Flooring: Wood, Tile
  • Bedrooms: 4
  • Full Bathroom: 4
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Powder Room, Remodeled
  • Three Quarter Bathrooms: 1
  • Eating Areas: In Kitchen, Dining Area
  • Kitchen Features: Gourmet Kitchen, Granite Counters, Island
  • Laundry: Laundry Closet Stacked, In Unit
  • Total Bathrooms: 5.00
  • Equipment: Alarm System, Washer, Range/Oven, Garbage Disposal, Microwave, Dishwasher, Dryer
  • Price Per S Q F T: 953.08

Exterior Features

  • Direction Faces: North
  • Other Features: Balcony
  • Other Structures: GuestHouse
  • Guest House: Detached
  • Pool: No
  • Spa Yn: No
  • View: Tree Top, City Lights
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 1

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Exterior Security Lights
  • Sewer: Unknown

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4242-008-016
  • Lot Description: Exterior Security Lights, Fenced, Fenced Yard, Front Yard, Back Yard, Yard, Street Lighting, Sidewalks
  • Lot Size Area: 4000

Rental Info

  • Land Lease Purchase Yn: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2022
Sold by
Fayette Edward Z and Fayette Emily A
Bought by
Fayette Family Trust
Current Estimated Value
$2,380,346

Purchase Details

Listed on
Sep 8, 2015
Closed on
Dec 9, 2015
Sold by
Tawil Frank and Hashemian Eric
Bought by
Tawil Frank and Hashemian Eric
Seller's Agent
Jeff Curtis
Bulldog Realtors, Inc.
Buyer's Agent
Drake Cruz
List Price
$1,250,000
Sold Price
$1,352,000
Premium/Discount to List
$102,000
8.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.57%
Original Mortgage
$855,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 8, 2015
Closed on
Oct 28, 2015
Sold by
Lamoyne Wanice
Bought by
Tawil Frank and Hashemian Eric
Seller's Agent
Jeff Curtis
Bulldog Realtors, Inc.
Buyer's Agent
Drake Cruz
List Price
$1,250,000
Sold Price
$1,352,000
Premium/Discount to List
$102,000
8.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$855,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2000
Sold by
Frazier Diane
Bought by
Lamoyne Wanice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.95%

Purchase Details

Closed on
Oct 21, 1998
Sold by
Goldstein Scott D and Gabor Lauren M
Bought by
Frazier Diane

Purchase Details

Closed on
May 1, 1997
Sold by
Davis George
Bought by
Goldstein Scott D and Gabor Lauren M

Purchase Details

Closed on
Feb 4, 1997
Sold by
Sellers Raymond C and The Raymond Carl Sellers Trust
Bought by
Davis George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.9%

Purchase Details

Closed on
Nov 1, 1996
Sold by
Sellers Raymond C
Bought by
Sellers Raymond Carl and Raymond Carl Sellers Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fayette Family Trust -- None Listed On Document
Tawil Frank -- Accommodation
Tawil Frank $1,287,000 Lawyers Title Company
Lamoyne Wanice $300,000 Southland Title Corporation
Frazier Diane $275,000 Southland Title Company
Goldstein Scott D -- Southland Title Corporation
Davis George -- Fidelity National Title
Sellers Raymond Carl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tawil Frank $855,000
Previous Owner Lamoyne Wanice $240,000
Previous Owner Davis George $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/13/2021 10/13/21 Sold $2,055,000 +5.4% $1,004 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $1,950,000 +44.2% $953 / Sq Ft
12/01/2015 12/01/15 Sold $1,352,000 +8.2% $1,438 / Sq Ft View Prior Sale
10/26/2015 10/26/15 Pending -- -- --
09/08/2015 09/08/15 For Sale $1,250,000 -- $1,330 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $26,222 $2,180,780 $1,679,573 $501,207
2024 $25,937 $2,138,021 $1,646,641 $491,380
2023 $27,486 $2,096,100 $1,614,354 $481,746
2022 $24,241 $2,055,000 $1,582,700 $472,300
2021 $23,113 $1,943,647 $1,203,009 $740,638
2019 $22,415 $1,885,999 $1,167,328 $718,671
2018 $22,339 $1,849,020 $1,144,440 $704,580
2016 $16,261 $1,352,000 $1,100,000 $252,000
2015 $4,759 $393,909 $306,918 $86,991
2014 $4,780 $386,193 $300,906 $85,287
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2021

    Erin Alls

    Erin Alls

    Section Image

  • J

    Seller's Agent in 2015

    Jeff Curtis

    Bulldog Realtors, Inc.

    Section Image

  • D

    Buyer's Agent in 2015

    Drake Cruz

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Map

Source: The MLS

MLS Number: 21-777542

The MLS

APN: 4242-008-016

California Los Angeles County Venice 90291 Venice

1125 Marco Place, Venice, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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