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$1,550,000
728 Machado Dr, Venice, CA 90291
5 Beds
4 Baths
2,036 sqft

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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
  • Price:
  • $1,550,000
  • Bedrooms:
  • 5
  • Square Footage:
  • 2,036
  • Acreage:
  • 0.09
  • Year Built:
  • 1947
  • Listing ID #:
  • 20-646502
  • Street Address:
  • 728 Machado Dr
  • City:
  • Venice
  • State:
  • California
  • Postal Code:
  • 90291
  • County:
  • Los Angeles
  • Community:
  • Venice
  • Listing Status:
  • Active
  • Building Security:
  • Gated
  • Flooring:
  • Mixed
  • Number Of Units:
  • 4
  • Stories:
  • 2
  • Total # Of Buildings:
  • 1
  • Total Building Square Footage:
  • 2036
  • Year Built:
  • 1947
  • Gross Income:
  • 87898
  • Net Operating Income:
  • 61075.00
  • Conforms To Zoning:
  • Lac2
  • Lot Description:
  • 2-4 Lots
  • Lot Square Footage:
  • 3800
  • Days On Market:
  • 49
  • Street Direction Suffix:
  • Dr
  • Street Type:
  • Dr
  • Price Per Square Foot:
  • 761.30
  • Bathroom Description:
  • Shower Stall
  • Kitchen:
  • Tile Counters
  • Kitchen Appliances:
  • Cooktop - Gas
  • Garage Capacity:
  • 3
  • Parking Description:
  • Driveway - Combination, Garage
  • Parking Spaces:
  • 3
  • Patio Description:
  • Patio Open
  • Equipment:
  • Built-Ins, Garbage Disposal
  • Heating:
  • Wall
  • Water Heater:
  • Gas
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Kevin Kawaoka of NAI Capital
  • CACLAW

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