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  • Price$9,679,000

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.

Essential Information

  • MLS® #19440616
  • Price$9,679,000
  • Bathrooms0.00
  • Acres0.00
  • TypeLot-Land
  • StatusActive

Amenities

  • ViewNo View

Listing Details

  • Listing AgentJoseph La Croix(01248586)
  • Listing OfficeRe/max Estate Properties

Community Information

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

Additional Information

  • Date ListedMarch 5th, 2019
  • Days on Market14
  • ZoningLARD1.5
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CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).

Last updated on March 19th, 2019 at 8:31am PDT