Skip To Content
    Return to Previous Page

    728 Machado Dr

    Venice, CA 90291
    • $1,550,000
    • STATUS: Active
    • ON SITE: 40 days
    • ID#: 20-646502
    UPDATED: 54 min ago
    $1,550,000
    • 5
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,036
      SQFT
    • $761
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:
    Area:

    School Ratings & Info

    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

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-24T19:42:53.643. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/111024687
    Print Image

    728 Machado Dr Venice, CA 90291

    • Price: $1,550,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 20-646502
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    2,036
    SQFT
    $761
    $/SQFT
    1947
    Built
    Neighborhood:
    Venice
    County:
    Los Angeles
    Area:
    Venice
    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
    Exterior Features

    Covered Parking 3 Entry Location Ground Level - No Steps Garage Structures Total 1 Lot Description 2-4 Lots Lot Size Area 3800 Other Structures Other Parking Garage Driveway - CombinationGarage Patio Features Patio Open Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Total Parking 3

    Interior Features

    Bathroom Features Shower Stall Baths Total 4.00 Cooking Appliances Cooktop - Gas Cooling None Equipment Built-InsGarbage Disposal Fireplace Rooms None Flooring Mixed Heating Wall Kitchen Features Tile Counters Laundry None Water Heater Features Gas

    Property Features

    Assessed Total Value 277215 Gross Income 87898 Gross Operating Income 86140 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 61075.00 Number Of Buildings 1 Number Of Units 4 Rent Control YN Yes Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 25065 Type Of Units 4 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lac2

    Listing provided courtesy of Kevin Kawaoka DRE#01733613 of Nai Capital, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-24T19:42:53.643. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-646502-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-646502-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-646502-2.jpg
    Logo
    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211