728 Machado Drive

    Venice, CA 90291
    • $1,775,000
    • STATUS: Active
    • ON SITE: 67 days
    • ID#: 20546294
    UPDATED: 17 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

    Priced to Sell : 2 units VACANT! - 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 millenial could ask for.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T17:26:51.847. 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/102480842

    728 Machado Drive Venice, CA 90291

    • Price: $1,775,000
    • Status: Active
    • Updated: 17 min ago
    • ID#: 20546294
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    1947
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Priced to Sell : 2 units VACANT! - 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 millenial could ask for.
    Exterior Features

    Lot Size Units Square Feet Parking Features Detached Carport Parking YN Yes

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 86578.00 Gross Multiplier 20.00 Gross Operating Income 86846.00 Net Operating Income 55165.00 Senior Community YN No Special Listing Conditions Standard Zoning Lac2

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


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T17:26:51.847. 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
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    Carlsbad CA, 92009