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$3,100,000

Beds
8
sq ft
3,564

924 Marco Pl, Venice, CA 90291

924 Marco Pl

Venice, CA 90291

  • 157 days on market
    • Price drop $400,000↓
Price Adjustment and Seller will finance with 30% down payment and below market interest rate! Lee & 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 only apartment property located on the idyllic Millwood-Venice walk streets. The 3,564 SF property is comprised of three duplex buildings of 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.

Details

Property type

Lot size

7,203 sq ft

Price per sq ft

$870

Year built

1925

HOA

No

Price History

03/07/2024
CLAW

CLAW #24351903

Price change
$3,100,000
-11.43%
01/26/2024
CLAW

CLAW #24351903

Listed
$3,500,000

Schools & Community

Neighborhood: 

Venice

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Washington Mutual Bank

Loan start date

August 2008

Original loan amount

$300,000

Est. remaining balance

Not provided

Interest rate

6.37%

Loan type

Commercial

Seller

Mary Ann Webster and The Mary Ann Webster Living Trust

Lender

Bank Of America Na

Loan start date

September 2007

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

6.29%

Loan type

Credit Line (Revolving)

Seller

Mary A Webster and Ronald Webster

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 11:05 AM

Listing updated: 05/31/2024 at 12:53 PM

Listed by: Robert Leveen, Robert Leveen Phone #: (213) 995-6684

MLS: CLAW #24351903

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