1134 Marco Place, Venice, California 90291, Venice, 90291 - bed, bath

1134 Marco Place, Venice, California 90291 home-pic-0
ACTIVE$1,757,757
1134 Marco Place, Venice, California 90291
0Bed
0Bath
1,870Sqft
4,364Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Venice Location: Situated on a quiet, tree-lined street in a highly desirable Venice neighborhood, offering strong rental demand, long-term appreciation potential, and proximity to popular amenities.
Top Cons:
Small Unit Sizes: All four units are 1-bedroom, 1-bath, with a total living space of 1,870 sq ft, indicating relatively small individual units which may limit tenant appeal or rent ceiling compared to larger configurations.

Compared to the nearby listings

Price:$1.76M vs avg $1.76M (+$0)50%
Size:1,870 sqft vs avg 2,546 sqft40%
Price/sqft:$940 vs avg $78680%

More Insights

Built in 1949 (76 years old).
Condition: While built in 1949, the property is described as well-maintained and has undergone significant recent upgrades, including a new roof and 90% updated plumbing. The images reveal updated kitchens with shaker-style cabinets, stainless steel appliances, and subway tile backsplashes, along with clean, functional bathrooms featuring subway tile and modern vanities. Hardwood floors are present throughout the living areas. These renovations appear to be within the last 5-15 years, making the units move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria.
Year Built
1949
Close
-
List price
$1.76M
Original List price
$1.76M
Price/Sqft
$940
HOA
-
Days on market
-
Sold On
-
MLS number
SB25081434
Home ConditionGood
Features
Patio
View-

About this home

Charming 4-Unit Investment Opportunity in Prime Venice Location Built in 1949, this well-maintained 4-unit apartment building sits on a 4,364 sq ft lot and offers a total of 1,870 sq ft of living space. Each unit is a 1-bedroom, 1-bath, ideally situated on a quiet, tree-lined street in one of Venice’s most sought-after residential neighborhoods. Two units will be delivered vacant at the close of escrow, with the third vacant unit in one year. Presenting immediate upside for investors or owner-users. Recent upgrades include a new roof, approximately 90% updated plumbing, and a shared laundry room. The property also boasts two private backyards, two single-car garages with ADU potential, and three additional off-street parking spaces—a rare convenience in Venice. Located just down the street from Penmar Golf Course and moments from popular cafes, restaurants, fitness studios, and top-rated schools. This high-demand location supports strong, consistent rental income and long-term appreciation potential.

Condition Rating
Good

While built in 1949, the property is described as well-maintained and has undergone significant recent upgrades, including a new roof and 90% updated plumbing. The images reveal updated kitchens with shaker-style cabinets, stainless steel appliances, and subway tile backsplashes, along with clean, functional bathrooms featuring subway tile and modern vanities. Hardwood floors are present throughout the living areas. These renovations appear to be within the last 5-15 years, making the units move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Exceptional Venice Location: Situated on a quiet, tree-lined street in a highly desirable Venice neighborhood, offering strong rental demand, long-term appreciation potential, and proximity to popular amenities.
Immediate Value-Add & Income Upside: Two units delivered vacant at close of escrow, with a third in one year, providing immediate opportunity for market-rate adjustments or renovations, plus ADU potential in garages.
Abundant & Rare Parking: Features two single-car garages and three additional off-street parking spaces, a significant and rare convenience in the dense Venice market.
Key Capital Improvements Completed: Recent upgrades including a new roof and approximately 90% updated plumbing reduce immediate capital expenditure for a new owner.
Stable Multi-Unit Investment: A well-maintained 4-unit property in a high-demand area, ensuring consistent rental income and a robust investment profile.

Cons

Small Unit Sizes: All four units are 1-bedroom, 1-bath, with a total living space of 1,870 sq ft, indicating relatively small individual units which may limit tenant appeal or rent ceiling compared to larger configurations.
Property Age: Built in 1949, despite recent upgrades, an older building may still incur higher maintenance costs or require further modernization beyond the stated improvements.
Delayed Full Vacancy: While two units are vacant at close, the third unit's vacancy is delayed by one year, postponing the full realization of market-rate rental income or renovation potential across all units.

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