See Home Value
$3,316,481*
Multifamily - Off Market

716 MACHADO Drive

Venice, CA 90291
bedrooms
7 Beds
bathrooms
5 Baths
square feet
4734 Sqft
$2,025,000 - $2,475,000
Reference Base Price*
47.40%
Since Aug 1, 2019
CA-Los Angeles
Primary Model

About This Property

Available by itself or as an assemblage.  The property stands on its own as a good purchase. FIVE ADJACENT PROPERTIES FOR SALE.  708, 712, 716, 724 AND 728 MACHADO DR.  BUY ONE, BUY SOME, OR BUY THEM ALL.  Amazingly cool 4734 sq ft, 4 unit building.  Public records says 3 units, LAHD says 4.  Nice large units with nice room sizes, balconies, patios, and an 8000 sq ft RD 1.5 lot.  Public records say 4000 sq ft lot, but this property is also being sold with APN 4240-019-044 for total lot size 8000 sq ft.  Walk to Whole Foods, CVS, rose ave, Abbot Kinney, the beach, Gold's Gym, and all the amenities Venice has to offer. Shown with accepted offer.  Buyers to provide pre approval and proof of funds with offer.  Do not disturb tenants.  Call listing agent to show.  Possible assumable financing with Union Bank 3.5% fixed with approximately 30 years remaining.  P&I $2773, loan balance approximately $648,000.  Expenses only include taxes based on $2,250,000 purchase price at 1.25% tax rate.

The manager has listed the unit size as 4734 square feet.
Unit Size
4,734Ft²
Days on Market
-
Land Size
8,000.00 acres
Price per sqft
$475
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1949

Price History

Date / Event Date Event Price
Jul 21, 2019 No longer available -
No longer available
Apr 14, 2019 Price Decreased $2,250,000
↓ $245K (9.8%)
Price Decreased
Apr 7, 2019 Relisted $2,495,000
Relisted
Apr 4, 2019 No longer available -
No longer available
Jan 17, 2019 Listed $2,495,000
Listed

Property Highlights

Garage


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Other
Loft
-
5,262 ft²
$513/ft²
$2,699,000 Feb 23, 2024
-
-
In Contract
Other
Loft
-
3,040 ft²
$748/ft²
$2,275,000 Aug 5, 2023
-
-
Condo
4 Beds
3.5 Baths
3,218 ft²
$775/ft²
$2,495,000 Dec 13, 2023
-
-
House
3 Beds
3 Baths
3,210 ft²
$810/ft²
$2,600,000 Feb 15, 2024
-
-
Condo
3 Beds
2.5 Baths
2,916 ft²
$821/ft²
$2,395,000 Dec 13, 2023
-
-
Townhouse
3 Beds
4 Baths
2,450 ft²
$918/ft²
$2,250,000 Apr 3, 2024
-
-
Other
Loft
-
2,743 ft²
$966/ft²
$2,650,000 Apr 4, 2024
-
-
Other
Loft
-
2,242 ft²
$1,024/ft²
$2,295,000 Apr 10, 2024
-
-
Condo
3 Beds
2 Baths
2,228 ft²
$851/ft²
$1,895,000 Jan 19, 2024
-
$884/mo
House
3 Beds
2 Baths
1,452 ft²
$1,584/ft²
$2,299,999 Apr 11, 2024
-
-
House
3 Beds
3.5 Baths
2,145 ft²
$1,235/ft²
$2,650,000 Mar 21, 2024
-
-
Other
Loft
-
2,008 ft²
$971/ft²
$1,950,000 May 4, 2023
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190117
01/17/2019
7 Bed
5 Bath
4734 ft²
$2,495,000
bedrooms
7 Bed
bathrooms
5 Bath
square feet
4734 ft²
-
-
-
-

Building Info

716 Machado Drive 716 Machado Drive, Venice, CA 90291
More about this Building
716 Machado Drive
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About West Los Angeles


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