Multifamily Housing
1134 Marco Place Los Angeles, CA 90291
Details & Description
Price: $1,950,000
    1134 Marco Place is a four-unit multifamily asset consisting of four one bedroom/one bathroom apartments. It sits on a 4,367-square-foot lot and the four units comprise 1,870-square-feet. The building sits on the corner of Marco Place and Penmar Avenue with a nice mix of residential homes and apartments. The building has two garages as well as a driveway allowing for two more cars to park. The location also provides for ample street parking around the building. With current rents around fifty percent below the market, a new investor could stabilize the asset and own in the very desirable Venice market.
    Property Highlights
    Listing Agents
    Alicia Shepherd
    KW Commercial
    O: 310-774-3703
    M: 310-431-8152
    ashepherd@kwcommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1134 Marco Place

    Los Angeles, CA 90291

    Listing ID: 271781
    1134 Marco Place Los Angeles, CA 90291 | for Sale | Photo 1
    Building Size: 1,870 SF
    Lot Size: 0.100 AC
    Land Size: 4,367 SF
    Building $/SF: $1,042.78
    Land $/SF: $446.53
    Price
    $1,950,000
    Property Highlights
    Motivated Seller - Willing to Co-Op with any Buyer Interested in Engaging in a Cash for Keys Scenario in Escrow
    Flexible Pricing
    Peaceful Penmar Neighborhood, Steps from the Penmar Golf Course
    Ample Parking
    Close To Restaurants, Cafes, Stores More
    Ten Minutes from the Beach
    Lush Landscaping for Tenant Privacy
    Description

    1134 Marco Place is a four-unit multifamily asset consisting of four one bedroom/one bathroom apartments. It sits on a 4,367-square-foot lot and the four units comprise 1,870-square-feet. The building sits on the corner of Marco Place and Penmar Avenue with a nice mix of residential homes and apartments. The building has two garages as well as a driveway allowing for two more cars to park. The location also provides for ample street parking around the building. With current rents around fifty percent below the market, a new investor could stabilize the asset and own in the very desirable Venice market.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Los Angeles History of Multifamily Housing for Sale

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    Los Angeles Area Market Trends

    Listing Demographics for 1134 Marco Place Los Angeles, CA 90291

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population32,653269,199537,624
    Population Median Age394040
    Population by Age0-9 Yrs3245 (9%)24517 (9%)46808 (8%)
    10-19 Yrs2501 (7%)18722 (6%)44852 (8%)
    20-29 Yrs4815 (14%)46014 (17%)100430 (18%)
    30-39 Yrs6385 (19%)55609 (20%)102120 (18%)
    40-49 Yrs5532 (16%)37648 (13%)70946 (13%)
    50-59 Yrs4108 (12%)33336 (12%)62851 (11%)
    60-69 Yrs3379 (10%)27154 (10%)54292 (10%)
    70+ Yrs2689 (8%)26200 (9%)55325 (10%)
    Median HH Income$106,849$92,830$95,520
    Total Household Income< 24K1614 (10%)20223 (15%)37183 (15%)
    25-49K1891 (12%)17149 (13%)32429 (13%)
    50-74K1683 (11%)15885 (12%)30015 (12%)
    75-99K1817 (12%)14636 (11%)28676 (11%)
    100-199K4238 (28%)35900 (28%)69019 (28%)
    200K+3522 (23%)23600 (18%)49011 (19%)
    Highest Education LevelNo Diploma17541596523121
    Diploma or GED24282075135632
    Some College36503360361581
    Assoc. Degree1205970619396
    Bachelors Degree1018478536151795
    Higher Degree632952025112877
    Total Housing Units16,158140,208272,328
    --Owner-Occupied6,42239,19087,340
    --Renter-Occupied8,34488,203158,992
    Owner-Occupied Values< 100K1066661365
    100-199K76311646
    200-299K66459992
    300-399K724961885
    400-499K9511873301
    500K+60073607279152
    Total Working Age Population27,803233,963467,424
    In Work Force20,791168,187326,489
    Not In Work Force7,01265,777140,935
    Workforce Employed19,853160,175310,622
    Workforce Unemployed9117,91315,617
    Civlian Workforce20,764168,088326,240
    Military Workforce2799249
    Total Households14,766127,393246,333
    Family Households6,99354,759109,151
    Non-Family Households7,77272,635137,182
    Married Couple5,43541,68084,362
    Other Family1,55813,07924,788
    Married w/Child2,17815,31431,811
    Single Male w/Child2841,9743,087
    Single Female w/Child4123,6277,029

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    California33,871,648+1037,253,956+940,467,295+843,631,295
    Los Angeles County9,519,338+39,818,605+610,369,367+410,759,850

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1134 Marco Place in Los Angeles?
    The asking price for 1134 Marco Place is $1,950,000
    What is the building size of this Multifamily property in Los Angeles, CA?
    The size of the building/unit at 1134 Marco Place in Los Angeles is 1,870 square feet
    How much land does the Los Angeles, CA property at 1134 Marco Place include?
    1134 Marco Place in Los Angeles includes 0.100 acres of land
    What is the population within 1 mile of 1134 Marco Place in Los Angeles?
    The population within 1 mile of 1134 Marco Place Los Angeles, CA 90291 is 32,653 people.
    Who do I contact for questions about 1134 Marco Place?
    You should contact the listing agent, Alicia Shepherd , for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Los Angeles International Airport (LAX) 5
    John Wayne Airport-Orange County Airport (SNA) 40
    Ontario International Airport (ONT) 49
    Price
    $1,950,000
    Listing Agent
    More listings from Alicia Shepherd
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