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$ 2,200,000
Est. payment | /mo
7 Beds
5 Baths
7,999 Sqft Lot
$ 2,200,000
Est. payment | /mo
7 Beds
5 Baths
7,999 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26206555
Bedrooms 7
Lot Size 7,999 Sqft
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Direction North of Rose and West of Lincoln
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 4240019045
Listed by Kevin Kawaoka, DRE#01733613 Bluechip Investment Group, Inc
Nearby Locations
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1420 Kettner Blvd suite 100, San Diego, California 92101, USA