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Off market
  • $1,638,200

    724 Machado Dr, Venice, CA 90291

    5beds
    4baths
    2,036sqft
    MultiFamily
    Built in 1947
    -- sqft lot
    $1,638,200 Zestimate®
    $805/sqft
    $6,977 Estimated rent

    Home value

    $1,638,200

    $1.43M - $1.88M

    $6,977/mo

    Zestimate® history
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    $6,977/mo

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    Rent Zestimate®

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    $10,302/mo

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    $10,302/mo

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    What's special

    After filtering through those deals that have no Growth opportunity, no meat on the bone, and absolutely make NO SENSE - Here it is! A chance to invest in a Prime area with tons of rental upside. During this pandemic there is a flight to Quality and this location will remain resilient under challenging circumstances - as evidenced by ALL TENANTS having paid through COVID-19. Location, location, location + upside, upside, upside.. Well maintained bread and butter asset with plenty of value to capture. ADU option is realizable adding an additional income stream. There are separate private garage structures located in the rear of the property. These units sit on a lot zoned C-2 and are within minutes to some of silicon beaches' hottest spots; walk score of 92. The confluence of low expenses, low price per unit, & low interest rates, make this investment a safe, opportunistic and well positioned winner to act on now. This deal will not last. Priced to sell... Contact me for more info

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    Heating
    • Gas
    Cooling
    • None
    Appliances
    • Included: Refrigerator
    Interior area
    • Total interior livable area: 2,036 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage - Detached
    Lot
    • Size: 3,798 sqft
    Details
    • Additional structures: Other
    • Parcel number: 4240019046

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1947

    Community & neighborhood

    Location
    • Region: Venice

    Other

    Other facts
    • County: Los Angeles
    • Heating: Wall
    • PropertyType: Residential Income
    • SourceLivingArea: Vendor Enhanced
    • SourceLotSizeArea: Vendor Enhanced
    • Equipment: Built-Ins
    • CookingAppliances: Cooktop - Gas
    • PatioFeatures: Patio Open, Roof Top Deck
    • ListingArea: Venice
    • ParkingGarage: Detached
    • WaterHeaterFeatures: Gas
    • KitchenFeatures: Tile Counters
    • Country: US
    • BathroomFeatures: Shower Stall
    • ListingStatus: Pending
    • LotDescription: Gated Community
    • DirectionFaces: North
    • UnitTypeType: 2106, 2107, 2108, 2109
    • OtherStructures: Other

    Price history

    DateEventPrice
    2/2/2021Sold$1,300,000-10.3%$639/sqft
    Source: Public Record Report a problem
    12/28/2020Pending sale$1,450,000$712/sqft
    Source: NAI Capital, Inc. #20646448 Report a problem
    10/15/2020Listed for sale$1,450,000-17.1%$712/sqft
    Source: NAI Capital, Inc. #20646448 Report a problem
    6/13/2020Listing removed$1,749,500$859/sqft
    Source: NAI Capital, Inc. #20546284 Report a problem
    5/15/2020Price change$1,749,500-1.4%$859/sqft
    Source: NAI Capital, Inc. #20546284 Report a problem
    1/22/2020Listed for sale$1,775,000+1.4%$872/sqft
    Source: NAI Capital, Inc. #20546284 Report a problem
    7/19/2019Listing removed$1,750,000$860/sqft
    Source: RE/MAX Estate Properties #19424782 Report a problem
    4/11/2019Price change$1,750,000-12.3%$860/sqft
    Source: RE/MAX ESTATE PROPERTIES #19-424782 Report a problem
    4/5/2019Listed for sale$1,995,000$980/sqft
    Source: RE/MAX ESTATE PROPERTIES #19-424782 Report a problem
    4/1/2019Pending sale$1,995,000$980/sqft
    Source: RE/MAX ESTATE PROPERTIES #19-424782 Report a problem
    1/17/2019Listed for sale$1,995,000+923.1%$980/sqft
    Source: RE/MAX ESTATE PROPERTIES #19424782 Report a problem
    9/29/1997Sold$195,000+50%$96/sqft
    Source: Public Record Report a problem
    7/28/1997Sold$130,005$64/sqft
    Source: Public Record Report a problem
    3/21/1997Sold$130,005$64/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$17,109 +1.2%$1,407,159 +2%
    2024$16,910 +2%$1,379,569 +2%
    2023$16,585 +4.9%$1,352,520 +2%
    2022$15,816 +317.2%$1,326,000 +352%
    2021$3,791 -0.9%$293,385 +1%
    2020$3,825 $290,378 +2%
    2019$3,825 +5.5%$284,686 +2%
    2018$3,625 $279,105 +2%
    2017$3,625 +2.1%$273,633 +2%
    2016$3,552 +2.8%$268,269 +1.5%
    2015$3,454 +0.3%$264,240 +2%
    2014$3,445 $259,065 +2.5%
    2012-- $252,839 +2%
    2011-- $247,882 +0.8%
    2010-- $246,030 -0.2%
    2009-- $246,615 +2%
    2008-- $241,781 +2%
    2007-- $237,041 +2%
    2006-- $232,394
    2005-- $232,394 +4%
    2004-- $223,372 +1.9%
    2003-- $219,279 +2%
    2002-- $214,981 +4%
    2000-- $206,635

    Find assessor info on the county website

    Neighborhood: Venice

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,638,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,638,200