716 Machado Drive

    Venice, CA 90291
    • $2,495,000
    • STATUS: Active
    • ON SITE: 34 days
    • ID#: 19424770
    UPDATED: 9 min ago
    $2,495,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,734
      SQFT
    • $527
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:
    Area:

    School Ratings & Info

    Description

    Available by itself or as an assemblage. The property stands on its own as a good purchase. FIVE ADJACENT PROPERTIES FOR SALE. 708, 712, 716, 724 AND 728 MACHADO DR. BUY ONE, BUY SOME, OR BUY THEM ALL. Amazingly cool 4734 sq ft, 4 unit building. Public records says 3 units, LAHD says 4. Nice large units with nice room sizes, balconies, patios, and an 8000 sq ft RD 1.5 lot. Public records say 4000 sq ft lot, but this property is also being sold with APN 4240-019-044 for total lot size 8000 sq ft. Walk to Whole Foods, CVS, rose ave, Abbot Kinney, the beach, Gold's Gym, and all the amenities Venice has to offer. Shown with accepted offer. Buyers to provide pre approval and proof of funds with offer. Do not disturb tenants. Call listing agent to show. Possible assumable financing with Union Bank 3.5% fixed with approximately 30 years remaining. P&I $2773, loan balance approximately $648,000. Expenses only include taxes based on $2,495,000 purchase price at 1.25% tax rate.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T12:36:35.593. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/91002612

    716 Machado Drive Venice, CA 90291

    • Price: $2,495,000
    • Status: Active
    • Updated: 9 min ago
    • ID#: 19424770
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,734
    SQFT
    $527
    $/SQFT
    1949
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Available by itself or as an assemblage. The property stands on its own as a good purchase. FIVE ADJACENT PROPERTIES FOR SALE. 708, 712, 716, 724 AND 728 MACHADO DR. BUY ONE, BUY SOME, OR BUY THEM ALL. Amazingly cool 4734 sq ft, 4 unit building. Public records says 3 units, LAHD says 4. Nice large units with nice room sizes, balconies, patios, and an 8000 sq ft RD 1.5 lot. Public records say 4000 sq ft lot, but this property is also being sold with APN 4240-019-044 for total lot size 8000 sq ft. Walk to Whole Foods, CVS, rose ave, Abbot Kinney, the beach, Gold's Gym, and all the amenities Venice has to offer. Shown with accepted offer. Buyers to provide pre approval and proof of funds with offer. Do not disturb tenants. Call listing agent to show. Possible assumable financing with Union Bank 3.5% fixed with approximately 30 years remaining. P&I $2773, loan balance approximately $648,000. Expenses only include taxes based on $2,495,000 purchase price at 1.25% tax rate.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features DrivewayGarageParking Space Parking YN Yes

    Interior Features

    Appliances RefrigeratorDishwasher Appliances YN Yes Cooling None Cooling YN No Laundry Features Washer IncludedDryer Included

    Property Features

    Gross Multiplier 27.17 Gross Operating Income 91813.00 Improvements Amount 248103 Land Value 174833 Laundry YN Yes Net Operating Income 60626.00 Special Listing Conditions Standard Total Expenses 31187.00 Utilities Cable Available Zoning Lard1.5

    Listing provided courtesy of Joseph La Croix of Re/Max Estate Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T12:36:35.593. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024