$3,100,000 Price Analysis   ♡   Venice, CA 90291 8 bed 6 bath 3,564 SqFt ($869/SqFt) 7,203SqFt lot. Built 1925 Listed 2024-01-26, Taxes $5,271 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Price Adjustment and Seller will finance with 30% down payment and below market interest rate!
Lee and 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 apartment property located on the idyllic Millwood-Venice walk streets. The 3, 564 SF property is comprised of three duplex buildings f 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.
Presented by Robert Leveen at
Robert Leveen.
Property MLS #24-351903 from TheMLSCLAW
Full Bathrooms: 6
Lot Size Dimensions: 80x90
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7203
Calculated Total Monthly Association Fees: 0
Number of Units: 6
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 3300, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 3300, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 4250, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 4250, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 3300, 6 BedsTotal: 1, 6 BathsTotal: 1, 6 SquareFeet: 3300
County: Los Angeles
Cap Rate: 3
Directions: Lincoln Blvd & Marco Place.
Source Property Type: Residential Income
Area: Venice
Source Neighborhood: Venice
Owner Pays: Gardener, Water
Parcel Number: 4241-024-008
Postal Code Plus 4: 3920
Zoning: LAR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $150,776 + $226,176 $376,952 | $5,271 |
| 2021 | $147,820 + $221,742 $369,562 | $5,191 |
| 2020 | $146,305 + $219,469 $365,774 | $5,234 |
| 2019 | $143,437 + $215,166 $358,603 | $5,055 |
| 2018 | $140,625 + $210,948 $351,573 | $4,980 |
| 2017 | $137,868 + $206,812 $344,680 | $4,841 |
| 2016 | $135,165 + $202,757 $337,922 | $4,703 |
| 2015 | $133,135 + $199,712 $332,847 | $4,643 |
| 2014 | $130,528 + $195,800 $326,328 | $4,700 |
| 2013 | $129,939 + $194,916 $324,855 | $4,684 |
| 2012 | $127,392 + $191,095 $318,487 | $4,742 |
| 2010 | $124,895 + $187,349 $312,244 | $4,575 |
| 2009 | $124,257 + $186,391 $310,648 | $4,416 |
| 2009 | $123,962 + $185,949 $309,911 | $4,416 |
| 2008 | $121,821 + $182,737 $304,558 | $4,248 |
| 2007 | $119,433 + $179,154 $298,587 | $4,108 |
$3,100,000
TheMLSCLAW
Listed 2024-01-26
$3,500,000
TheMLSCLAW
Year Built: 1925
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 99
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.