728 Machado Drive

    Venice, CA 90291
    • $1,995,000
    • STATUS: Active
    • ON SITE: 34 days
    • ID#: 19424794
    UPDATED: 145 min ago
    $1,995,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,036
      SQFT
    • $980
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:
    Area:

    School Ratings & Info

    Description

    Available separately or as an assemblage. The property represents a good investment on its own. FIVE ADJACENT PROPERTIES FOR SALE. 708, 712, 716, 724 AND 728 MACHADO DR. BUY ONE, BUY SOME, OR BUY THEM ALL. 4 unit building in a great Venice location. 3800 sq ft C-2 lot. Adjacent property 724 Machado also for sale. Both properties create total lot size of 7600 sq ft. C-2 can be built (per LA City code) to R-4 density, which would allow 19 units to be built on both properties. Venice specific plan overlay may affect this. Buyers advised to verify with the city and all other building depts. as the total number of units allowed may be less. Close to everything Venice has to offer, such as Whole Foods, Rose Ave, the beach, Abbot Kinney, Gold's Gym, etc. Pictures show renovated unit. 3 units have not been updated. Exterior of building will be repainted late January/early February.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T00:31:27.547. 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/91002613

    728 Machado Drive Venice, CA 90291

    • Price: $1,995,000
    • Status: Active
    • Updated: 145 min ago
    • ID#: 19424794
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    2,036
    SQFT
    $980
    $/SQFT
    1947
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Available separately or as an assemblage. The property represents a good investment on its own. FIVE ADJACENT PROPERTIES FOR SALE. 708, 712, 716, 724 AND 728 MACHADO DR. BUY ONE, BUY SOME, OR BUY THEM ALL. 4 unit building in a great Venice location. 3800 sq ft C-2 lot. Adjacent property 724 Machado also for sale. Both properties create total lot size of 7600 sq ft. C-2 can be built (per LA City code) to R-4 density, which would allow 19 units to be built on both properties. Venice specific plan overlay may affect this. Buyers advised to verify with the city and all other building depts. as the total number of units allowed may be less. Close to everything Venice has to offer, such as Whole Foods, Rose Ave, the beach, Abbot Kinney, Gold's Gym, etc. Pictures show renovated unit. 3 units have not been updated. Exterior of building will be repainted late January/early February.
    Exterior Features

    Lot Size Units Square Feet Parking Features DrivewayGarageGated Parking YN Yes

    Interior Features

    Appliances Garbage DisposalRefrigerator Appliances YN Yes Cooling None Cooling YN No

    Property Features

    Gross Multiplier 25.71 Gross Operating Income 77592.00 Improvements Amount 70848 Land Value 206367 Net Operating Income 52564.00 Special Listing Conditions Standard Total Expenses 24938.00 Zoning Lac2

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


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T00:31:27.547. 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