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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,200,000

Est. payment - /mo

7,997 Sqft Lot

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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26206555

HOA Y/N No

Year Built 1949

Lot Size 7,997 Sqft

Property Sub-Type Apartment

Property Description

Location, Location, Location: The Machado Apartments is a four-unit multifamily property in prime Venice, California. The two-story, walk-up building offers an excellent unit mix of one one-bedroom apartment and three two-bedroom apartment homes.
The residences average more than +1,180 square feet, providing spacious floor plans. Select units have French doors, fireplaces, outdoor yards, expansive deck and in-unit laundry. The property features a gated entrance and sits on 2 separate parcels encompassing approximately 8,000-square-foot lot.
This is an exceptional investment opportunity with approximately 66 Percent upside in current rents, as well as compelling potential for future redevelopment.
Located within five minutes of world-famous destinations including Abbot Kinney Boulevard, Rose Avenue, Main Street, and Venice Beach, the property is well positioned in one of Los Angeles' most desirable rental markets.
Held by the same owner for more than 40 years, the Machado Apartments represents a rare opportunity to acquire a unique, well-located Venice asset with significant value-add potential. Properties with these unit sizes seldom come to market.

Location

State CA

County Los Angeles

Area C11 - Venice

Interior

Flooring Vinyl, Wood

Fireplaces Type Living Room

Fireplace Yes

Laundry Washer Hookup

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Biking, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4240019045

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Kevin Kawaoka Bluechip Investment Group, Inc 310-560-7184, DRE #01733613

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716 Machado DR Venice, CA 90291