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716 Machado, Venice
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.
- MLS® #19440616
- ViewNo View
- Listing AgentJoseph La Croix(01248586)
- Listing OfficeRe/max Estate Properties
- Address716 Machado
- AreaVenice (C11)
- CountyLos Angeles
- Zip Code90291
- Date ListedMarch 5th, 2019
- Days on Market77
Price Change History for 716 Machado, Venice, CA (MLS® #19440616)
|Price Reduced (from $9,679,000)||$8,944,000||$735,000 (7.59%)|
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Last updated on May 21st, 2019 at 6:47pm PDT