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724 Machado Drive, Venice, CA 90291

5 Bed, 4 Bath Multi-Family Home For Sale

724 Machado Drive, Venice, CA 90291 House For Sale - MLS #19424782
$1,750,000
5
4
Multi-Family
4 Family
This listing is courtesy of Joseph La Croix from RE/MAX ESTATE PROPERTIES.

Property Description for 724 Machado Drive, Venice, CA 90291

Available separately or as assemblage. FIVE ADJACENT PROPERTIES FOR SALE. 708, 712, 716, 724 AND 728 MACHADO DR. BUY ONE, BUY SOME, OR BUY THEM ALL. 4 unit building in a great Venice location. 3800 sq ft C-2 lot. Adjacent property 728 Machado Dr also for sale. Both properties create total lot size of 7600 sq ft. C-2 can be built (per LA City code) to R-4 density, which would allow 19 units to be built on both properties. Venice specific plan overlay may affect this. Buyers advised to verify with the city and all other building depts. as the total number of units allowed may be less. Close to everything Venice has to offer, such as Whole Foods, Rose ave, the beach, Abbot Kinney, Gold's Gym, etc. Possibly assumable financing Union Bank 3.5% fixed, approximately 30 years remaining, P&I $2546, approximate loan balance $595,000. Pictures show renovated unit. 3 units have not been updated. Exterior of building will be painted late January/early February.

Interior Details

2,036 sq. ft.
$859.53/sq. ft.

Exterior Details

0.09 acres
3,800 sq. ft.
8

Other Details

19424782
1947

Units Description

Unit #1
Bedrooms: 1      Full / Half Baths: 1      Rent: $1,750     

Unit #2
Bedrooms: 1      Full / Half Baths: 1      Rent: $1,071     

Unit #3
Bedrooms: 1      Full / Half Baths: 1      Rent: $1,750     

Unit #4
Bedrooms: 2      Full / Half Baths: 1      Rent: $1,226     

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Monthly Mortgage Payments

$7,949
$11,071

Town Description

Venice of America was founded by tobacco millionaire Abbot Kinney in 1905 as a beach resort town, 14 miles (23 km) west of Los Angeles. He and his partner Francis Ryan had bought two miles (3.24 km)...

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