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Map
$2,579,485*
●
Multifamily -
Off Market
724 MACHADO Drive
Venice, CA 90291
5 Beds
4 Baths
2036 Sqft
$1,575,000 - $1,925,000
Reference Base Price*
47.40%
Since Aug 1, 2019
CA-Los Angeles
Primary Model
About This Property
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.
The manager has listed the unit size as 2036 square feet.
The manager has listed the unit size as 2036 square feet.
Unit Size
2,036Ft²
Days on Market
-
Land Size
3,800.00 acres
Price per sqft
$860
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1947
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 2, 2021 | Sold | $1,300,000 | |
| Sold | |||
| Jul 21, 2019 | No longer available | - | |
| No longer available | |||
| Apr 13, 2019 | Price Decreased |
$1,750,000
↓ $245K
(12.3%)
|
|
| Price Decreased | |||
| Apr 7, 2019 | Relisted | $1,995,000 | |
| Relisted | |||
| Apr 4, 2019 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Garage
724 MACHADO Drive
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Condo
3
Beds
2
Baths
2,228 ft²
$851/ft²
$1,895,000
Jan 19, 2024
-
$884/mo
In Contract
Condo
2
Beds
2
Baths
1,666 ft²
$1,077/ft²
$1,795,000
Mar 27, 2024
-
$935/mo
Active
House
2
Beds
2
Baths
1,260 ft²
$1,587/ft²
$1,999,000
Apr 24, 2024
-
-
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
01/17/2019
|
|
5 Bed
|
4 Bath
|
2036 ft²
|
$1,995,000
5 Bed
4 Bath
2036 ft²
|
-
-
|
-
|
-
|
Building Info
