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    724 Machado Drive

    Venice, CA 90291
    • $1,450,000
    • STATUS: Active
    • ON SITE: 9 days
    • ID#: 20646448
    UPDATED: 32 min ago
    $1,450,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    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

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T21:27:24.343. 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 Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/111025562
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    724 Machado Drive Venice, CA 90291

    • Price: $1,450,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: 20646448
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    1947
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - 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

    Direction Faces North Garage Spaces 3.00 Lot Size Units Square Feet Parking Features Detached Carport Parking Total 3.00 Parking YN Yes Pool Features None Pool Private YN No Spa Features None Spa YN No

    Interior Features

    Appliances Gas Cooktop Appliances YN Yes Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

    Property Features

    Country Us Gross Income 68875.00 Gross Multiplier 21.00 Gross Operating Income 67497.00 Net Operating Income 67497.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Expenses 22974.00 Zoning Lac2

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


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T21:27:24.343. 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 Keller Williams Realty. Licensed in the State of California, USA.

     
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