For Sale
The Machado Apartments
714 & 716 Machado Dr,
Venice, CA 90291
Venice, CA 90291
Asset Snapshot
N/A
Multifamily Subtype
1949
Year Built
2
Floor Count
0.18 Acres
Land Area
4 Units
Unit Count
4,734 SF
Property Size
100%
Occupancy
Offering Summary
Investment Overview
Listing price $2,200,000 One 1-Bedroom and three 2-Bedroom apartments averaging 1,180+ SF Residences well above average size for the submarket Approximately 66% rental upside to market rate Property sits on 2 APN's + qualifies for AB2097 (valuable development lot) buyer can explore the addition of multiple units. Rare opportunity to acquire principal has owned it for 40 years!Investment Highlights
- Listing price $2,200,000
- One 1-Bedroom and three 2-Bedroom apartments averaging 1,180+ SF
- Residences well above average size for the submarket
- Approximately 66% rental upside to market rate
- Property sits on 2 APN's + qualifies for AB2097 (valuable development lot) buyer can explore the addition of multiple units.
- Rare opportunity to acquire principal has owned it for 40 years!
How it Works
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Listing Syndicated From
Accepting Offers
$2,200,000
Asking Price
Investment Sales Broker
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