924 Marco Pl Venice, CA 90291
Sale
$3,100,000
6 Units
8 Beds
6 Baths
3,564 Area(sq.ft.)
7,203 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 936 | $ 936 | $ 3,250 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,496 | $ 2,496 | $ 3,250 |
| Unit 3 | 1 | 2 | 1 | No | $ 3,600 | $ 3,600 | $ 4,250 |
| Unit 4 | 1 | 2 | 1 | No | $ 2,018 | $ 2,018 | $ 4,250 |
| Unit 5 | 1 | 1 | 1 | No | n/a | n/a | $ 3,250 |
| Unit 6 | 1 | 1 | 1 | No | $ 1,248 | $ 1,248 | $ 3,250 |
| 6 | 6 | 8 | 6 | $ 10,298 | $ 10,298 | $ 21,500 |
| MLS #: | 24-351903 |
| Days On Market: | 75 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 870 |
| Price per unit: | $ 516,667 |
| Year Built: | 1925 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 160,375 |
| Total Annual Expense: | $ 64,711 |
| Net Operating Income: | $ 95,663 |
| Gross Annual Income: | $ 164,304 |
| Cap Rate: | 3% |
| Gross Rent Multiplier: | 21.68 |
Structure
| Type of Units: | Duplexes |
| Buildings: | 3 |
| Levels: | Two |
Land & Parking
| Zoning: | LAR2 |
| Parking Garage: | Other |
Interior
| AC/Cooling: | None |
| Equipment: | Other |
| Heating: | Wall |
| Laundry Equipment: | Lease |
Exterior
Detailed Map
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Income
