1134 Marco Place, Venice, California 90291, Venice, 90291 - 0 bed, 0 bath
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Venice, California 90291
This 4-unit Strong Value Opportunity is listed at a List Price of $1,666,000—positioned well below the $1,791,340 Fair Market Value by 6%. This valuation gap offers $125,340 in Instant Equity. With a Condition Rating of 4, the property features a new roof and updated plumbing, providing a stable foundation for Buy-and-Hold Investors. The rare inclusion of two garages with ADU potential and three off-street parking spaces makes this an ideal acquisition for Owner-Occupants seeking to leverage rental income in a high-demand Venice location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1134 Marco Place Subject | $1,666,000* List Price | 0 | 0 | 1,870 | $958 | - |
A 611 Sunset Avenue Pending | $1,495,000 List Price | 0 | 0 | 1,496 | $999 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1949, the property is well-maintained but dated. While it features a newer roof and 90% updated plumbing, the interiors show 15-30 year old renovations with dated cabinetry, older tile work, and original-style wall heaters instead of central HVAC.
With two units delivered vacant at close of escrow and potential for a third, investors can immediately realize market-rate rents or utilize the space for an owner-user scenario.
The property features two single-car garages with ADU conversion potential plus three additional off-street parking spaces, a highly coveted and rare asset in the Venice rental market.
Situated on a quiet, tree-lined corner lot near Penmar Golf Course, the property benefits from high tenant demand, strong appreciation potential, and recent capital improvements like a new roof.
The total living area of 1,870 square feet across four units results in relatively small individual floor plans, which may limit the tenant profile and long-term rent ceiling.
Built in 1949, the property may require ongoing maintenance typical of older buildings, and approximately 10% of the plumbing remains un-updated.
Charming Corner Lot 4 Unit Investment Opportunity in Prime Venice Location! Operating at 4.08% CAP & 16.17 GRM. Built in 1949, this well maintained 4 unit apartment building sits on a 4,364 SF lot and offers a total of 1,870 SF 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 potential for a third vacant unit, 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 1.5 | 50% |
| Square foot | 1,870 | 1,333 | 50% |
| Lot Size | 4,364 | 2,624.5 | 75% |
| Price | $1.67M | $1.47M | 50% |
| Price per sq ft | $891 | $1.3K | 25% |
| Built year | 1949 | 1938 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 147 | 25% |
May 18, 2026
$1,666,000
Initial Listing