708 Machado Dr
Venice, CA 90291
Land For Sale
·
0.54 AC
Property Facts
| Property Type | Land | Total Lot Size | 0.54 AC |
| Property Subtype | Residential | No. Stories | 1 |
| Proposed Use | Apartment Units | ||
| Zoning | LARD1.5 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.54 AC |
| No. Stories | 1 |
| Zoning | LARD1.5 |
Description
This land assemblage in Venice consists of 5 separate properties with total land size of 23,599 sq ft. Located west of Lincoln Blvd and north of Rose Ave, walking distance to Whole Foods and all the restaurants on Rose Ave as well as the beach, Gold's Gym, Abbot Kinney and Santa Monica. 708 and 712 Machado are single family properties on 4000 sq ft RD 1.5 lots. 716 Machado is a large 4 unit building on an 7999 sq ft RD 1.5 lot. 724 and 728 Machado are each 4 unit buildings on 3800 sq ft C2 lots. With approximately 240 lineal feet of frontage, an opportunity exists to create an amazing small lot development unlike any ever built in Venice. The properties bring in a significant amount of rental income so carrying the cost of purchase will be easier while in the entitlement process. Some assumable financing is also in place.
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,580,836 | |
| Land Assessment | $4,954,529 | Total Assessment | $6,535,365 |
Property Taxes
