928 Marco Place Los Angeles, CA 90291
Venice Neighborhood
8
Beds
6
Baths
3,564
Sq Ft
7,203
Sq Ft Lot
Highlights
- Secluded Lot
- Wood Flooring
- Balcony
- Broadway Elementary Rated A-
- Courtyard Views
- Enclosed patio or porch
About This Home
As of December 2024A 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.
Last Agent to Sell the Property
Kidder Mathews of California, Inc. License #01456686 Listed on: 08/09/2024
Last Buyer's Agent
Kidder Mathews of California, Inc. License #01456686 Listed on: 08/09/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925 | Remodeled
Lot Details
- 7,203 Sq Ft Lot
- Lot Dimensions are 80x90
- Gated Home
- Secluded Lot
- Value in Land
Parking
- 6 Car Garage
Home Design
- Bungalow
- Raised Foundation
Interior Spaces
- 3,564 Sq Ft Home
- 2-Story Property
- Wood Flooring
- Courtyard Views
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Balcony
- Enclosed patio or porch
Utilities
- Floor Furnace
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Assessor Parcel Number 4241-024-008
Community Details
Overview
- 3 Buildings
- 6 Units
Building Details
- Rent Control
Similar Homes in Los Angeles, CA
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/13/2024 12/13/24 | Sold | $2,455,000 | 0.0% | $689 / Sq Ft |
| 11/29/2024 11/29/24 | Off Market | $2,975 | -- | -- |
| 11/09/2024 11/09/24 | Pending | -- | -- | -- |
| 10/21/2024 10/21/24 | For Rent | $2,975 | 0.0% | -- |
| 08/09/2024 08/09/24 | For Sale | $2,995,000 | -- | $840 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Scott Rosenberg
Seller's Agent in 2024
Scott Rosenberg
Kidder Mathews of California, Inc.
2 in this area
16 Total Sales
Map
Source: The MLS
MLS Number: 24-425941
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