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Listed by Kevin Kawaoka, DRE #01733613 • Bluechip Investment Group, Inc
$2,200,000
Est. payment /mo
7,999 Sqft Lot
Active
716 Machado DR Venice, CA 90291
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26206555
Year Built 1949
Lot Size 7,999 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Location, Location, Location: The Machado Apartments is a four-unit multifamily property in prime Venice, California. The two-story, walk-up building offers an excellent unit mix of one one-bedroom apartment and three two-bedroom apartment homes. The residences average approximately more than +1,180 square feet, providing spacious floor plans. Select units have French doors, fireplaces, outdoor yards, expansive deck and in-unit laundry. The property features a gated entrance and sits on 2 separate parcels encompassing approximately 8,000-square-foot lot. This is an exceptional investment opportunity with approximately 66 Percent upside in current rents, as well as compelling potential for future redevelopment. Great for a 1031 Exchange and or Owner User. Located within five minutes of world-famous destinations including Abbot Kinney Boulevard, Rose Avenue, Main Street, and Venice Beach, the property is well positioned in one of Los Angeles' most desirable rental markets. Held by the same owner for more than 40 years, the Machado Apartments represents a rare opportunity to acquire a unique, well-located Venice asset with significant value-add potential. Properties with these unit sizes seldom come to market.
Location
State CA
County Los Angeles
Area C11 - Venice
Interior
Laundry 30
Exterior
Garage Spaces 2.0
Pool None
Building
Water District - Public
Others
Tax ID 4240019045
Special Listing Condition Not Applicable
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