716 Machado

$8,944,000

About This Property

23,599 sq ft assemblage/development opportunity in the ever popular city of Venice! Parcels and assemblages this size rarely come along. This is 5 properties on 6 parcels. 708,712,716,724 and 728 Machado Dr. 708/712 are SFR each on 4000 sq ft RD 1.5 lots. 716 is a 4734sq ft 4 unit bldg. on a double 7999 sq ft RD 1.5 lot. 724 and 728 are each 4 units on 3800 sq ft C2 lots. C2 translates to R4 for residential density and by right those 2 lots would allow 19 units. Venice Specific Plan may reduce or place requirements on this. Check with the city. Perfect for a small lot subdivision development, or build a combination of apartments and small lot homes. Let your developmental creativity flow! Rent roll available upon request. All 5 properties are listed separately in SFR and Income categories.The income generated will allow a buyer to reduce carrying costs significantly while getting entitlements for what will be the largest development in Venice for many years.

Essential Information

MLS® #19440616
Price$8,944,000
Bathrooms0.00
Acres0.00
TypeLot-Land
StatusActive

Community Information

Address716 Machado
AreaVenice (C11)
CityVenice
CountyLos Angeles
StateCA
Zip Code90291

Amenities

ViewNo View

Additional Information

Date ListedMarch 5th, 2019
Days on Market78
ZoningLARD1.5
HOA Fees0.00

Listing Details

AgentJoseph La Croix(01248586)
OfficeRE/MAX ESTATE PROPERTIES

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716 Machado, Venice (MLS® #19440616) Property History

Price Reduced from $9,679,000 to $8,944,000

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Listing information last updated on May 23rd, 2019 at 3:33pm PDT.

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