724 Machado Drive

    Venice, CA 90291
    • $1,775,000
    • STATUS: Active
    • ON SITE: 76 days
    • ID#: 20546284
    UPDATED: 202 min ago
    $1,775,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:
    Area:

    School Ratings & Info

    Description

    ***Update : can now be sold separate from 724 Machado ,& Excellent financing available : 1 vacancy in each building being held vacant for new buyer. The Tech Villas is comprised of 724 & 728 Machado Drive; Two 4-unit multifamily assets (side-by side) located in the trendy and high barrier to entry community of Venice, Ca. Total consideration for both = $3,550,000. Each four-unit is comprised of 3(1+1) and 1 (2+1+rooftop patio). Both buildings are comprised of an ideal unit mix of 6 (1+1) & 2 (2+1) apartment homes. Each building is on it's own parcel and has its own detached 3 car garage. Parcels are on LAC2 zoned land. The 2 story walk-up style complexes have been well maintained and are situated just North of restaurant and retail laden, Rose Avenue. The buildings are separately metered for gas and electric. This location scores an incredible 92 on walkability; serving every need a millennial could ask for.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T00:27:25.58. 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 or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.

    www.northsdrealty.com/homes/102480066

    724 Machado Drive Venice, CA 90291

    • Price: $1,775,000
    • Status: Active
    • Updated: 202 min ago
    • ID#: 20546284
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    1947
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    ***Update : can now be sold separate from 724 Machado ,& Excellent financing available : 1 vacancy in each building being held vacant for new buyer. The Tech Villas is comprised of 724 & 728 Machado Drive; Two 4-unit multifamily assets (side-by side) located in the trendy and high barrier to entry community of Venice, Ca. Total consideration for both = $3,550,000. Each four-unit is comprised of 3(1+1) and 1 (2+1+rooftop patio). Both buildings are comprised of an ideal unit mix of 6 (1+1) & 2 (2+1) apartment homes. Each building is on it's own parcel and has its own detached 3 car garage. Parcels are on LAC2 zoned land. The 2 story walk-up style complexes have been well maintained and are situated just North of restaurant and retail laden, Rose Avenue. The buildings are separately metered for gas and electric. This location scores an incredible 92 on walkability; serving every need a millennial could ask for.
    Exterior Features

    Garage Spaces 3.00 Lot Size Units Square Feet Parking Total 3.00

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Gross Income 79075.00 Gross Multiplier 22.00 Gross Operating Income 77493.00 Net Operating Income 47812.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 29682.00 Vacancy Allowance Rate 25.00 Zoning Lac2

    Listing provided courtesy of Kevin Kawaoka of Nai Capital, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T00:27:25.58. 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 or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.

     
    The Houston Team | Compass CA DRE#01991628
    2100 Costa Del Mar
    Carlsbad CA, 92009