Sold: Feb 03, 2021
Address
724 Machado Drive Venice, CA
Price
$ 1,300,000
Property Attributes
  • MLS#20646448
  • TypeIncome
  • CountyLOS ANGELES
  • CityVenice
  • Zip90291
  • Style
  • Price$ 1,300,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size3,800 SqFt
Listing Provided Courtesy Of:
Kevin Kawaoka with NAI Capital, Inc..
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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

Price History

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90291

Price
AVG $3.33M
$1.3M

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