Venice, CA 90291,724 Machado DR
$1,300,000
$1,450,000
10.3%
Est.Price: ?

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3,484 Sqft Lot

724 Machado DR Venice, CA 90291

Est. payment /mo
SOLD DATE : 02/03/2021

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Key Details

Sold Price $1,300,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 20646448

Sold Date 02/03/21

HOA Y/N No

Year Built 1947

Lot Size 3,484 Sqft

Acres 0.08

Property Description

After filtering through those deals that have no Growth opportunity, no meat on the bone, and absolutely make NO SENSE - Here it is! A chance to invest in a Prime area with tons of rental upside. During this pandemic there is a flight to Quality and this location will remain resilient under challenging circumstances - as evidenced by ALL TENANTS having paid through COVID-19. Location, location, location + upside, upside, upside.. Well maintained bread and butter asset with plenty of value to capture. ADU option is realizable adding an additional income stream. There are separate private garage structures located in the rear of the property. These units sit on a lot zoned C-2 and are within minutes to some of silicon beaches' hottest spots; walk score of 92. The confluence of low expenses, low price per unit, & low interest rates, make this investment a safe, opportunistic and well positioned winner to act on now. This deal will not last. Priced to sell... Contact me for more info

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LAC2

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Gas Cooktop

Exterior

Garage Detached Carport

Garage Spaces 3.0

Garage Description 3.0

Pool None

Parking Type Detached Carport

Total Parking Spaces 3

Private Pool No

Building

Faces North

Story 2

Others

Senior Community No

Tax ID 4240019046

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kevin Kawaoka • NAI Capital, Inc.
Bought with Eric Von Bluecher • Lee & Associates Commercial Real Estate

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Cher Team

Broker | License ID: 02094241

+1(949) 683-7472

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