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728 Machado DR Venice, CA 90291
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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 20646502
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
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Appliance Gas Cooktop, Disposal
Laundry None
Exterior
Garage Garage
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Gated
Parking Type Garage
Total Parking Spaces 3
Private Pool No
Building
Story 2
Others
Senior Community No
Tax ID 4240019047
Security Features Gated Community
Special Listing Condition Standard
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Bought with Eric Von Bluecher • Lee & Associates Commercial Real Estate