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1136 Marco Place, Venice, California 90291, Venice, 90291 - bed, bath

1136 Marco Place, Venice, California 90291 home-pic-0
ACTIVE$1,699,999$1,870/sqft
1136 Marco Place, Venice, California 90291
0Bed
0Bath
1,870Sqft
4,364Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Venice Location: Situated on a quiet, tree-lined street in a highly sought-after Venice neighborhood, offering excellent proximity to amenities like Penmar Golf Course, cafes, restaurants, fitness studios, and top-rated schools.
Top Cons:
Building Age: Constructed in 1949, the property is an older building, which may entail ongoing maintenance for systems not recently upgraded or present challenges with older architectural styles.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1949 (77 years old).
Condition: The property, built in 1949, is well-maintained with recent upgrades to the roof and plumbing, indicating functional major systems. However, the kitchens and bathrooms across the units are significantly outdated in style, featuring older cabinets, countertops, appliances, and fixtures. The absence of central HVAC, evidenced by wall-mounted heaters, further points to an older system. While clean and functional, these areas require substantial cosmetic updates to meet current quality and aesthetic standards, aligning with the 'Fair' condition criteria where major components are functional but show signs of being outdated.
Year Built
1949
Close
-
List price
$1.7M
Original List price
$1.76M
Price/Sqft
$909
HOA
-
Days on market
-
Sold On
-
MLS number
SB25163872
Home ConditionFair
Features
Good View:
View-

About this home

3 out of 4 Units will be VACANT! 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. 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.

C
Cameron Samimi
Listing Agent
Condition Rating
Fair
The property, built in 1949, is well-maintained with recent upgrades to the roof and plumbing, indicating functional major systems. However, the kitchens and bathrooms across the units are significantly outdated in style, featuring older cabinets, countertops, appliances, and fixtures. The absence of central HVAC, evidenced by wall-mounted heaters, further points to an older system. While clean and functional, these areas require substantial cosmetic updates to meet current quality and aesthetic standards, aligning with the 'Fair' condition criteria where major components are functional but show signs of being outdated.
Pros & Cons

Pros

Prime Venice Location: Situated on a quiet, tree-lined street in a highly sought-after Venice neighborhood, offering excellent proximity to amenities like Penmar Golf Course, cafes, restaurants, fitness studios, and top-rated schools.
Significant Value-Add Opportunity: With 3 out of 4 units vacant, investors or owner-users have immediate flexibility for renovations, re-tenanting at market rates, and maximizing rental income.
ADU Potential & Rare Parking: The property includes two single-car garages with ADU potential and three additional off-street parking spaces, a highly valuable and rare amenity in Venice.
Recent Capital Improvements: A new roof and approximately 90% updated plumbing significantly reduce immediate capital expenditure for a new owner, enhancing the property's long-term viability.
Strong Investment Fundamentals: Located in a high-demand area, the property is poised for strong, consistent rental income and long-term appreciation potential.

Cons

Building Age: Constructed in 1949, the property is an older building, which may entail ongoing maintenance for systems not recently upgraded or present challenges with older architectural styles.
Limited Unit Configuration: All four units are 1-bedroom, 1-bath, potentially limiting the target tenant demographic and overall rental income ceiling compared to properties with more diverse unit sizes.
Recent Price Adjustments: The property has undergone multiple price reductions, which could indicate initial overpricing or a slower market response, warranting a closer look at its current valuation.
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