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Address
703 Machado Drive Venice, CA
Price
$ 2,895,000
Property Attributes
  • MLS#AR19281156
  • TypeIncome
  • CountyLOS ANGELES
  • CityVenice
  • AreaVenice
  • Zip90291
  • Style
  • Price$ 2,895,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2652
  • Lot Size5,153 SqFt
Listing Provided Courtesy Of:
Tricia Harding with Distinctive Properties.
Property Description

Extremely rare property on an R-3 lot in the highly desirable Rose Ave. corridor area of Venice. Next door to Ozone Park, steps to Whole Foods and walkable to the beach! Development opportunities like this one are few and far between. Currently, the property is a duplex consisting of two 3BR/2+BA units with rooftops patios and several charming outdoor garden spaces. One of the units has a separate exterior patio and private bedroom entrance, perfect for a home office or in-law unit. Plans for the current building are available upon request. Seller has been advised that at least 6 and possibly 12 units can be built on this 5,155 square foot lot. and buyers are both encouraged and advised to do their own due diligence. This property offers tremendous upside potential through a variety of development pathways.

Price History
12/14/2019 Listed $2,895,000

General Features

Attached Structure Attached
Community Features Curbs, Sidewalks
Directions Lincoln to Machado. Southwest on Machado. Property is on corner of Machado and 7th
Levels Two
Listagentaor Arcadia
Listing Agent Tricia Harding - BRE#01853542
Listing Agent State License 01853542
MLS Area C11 - Venice
Price Per Square Foot 1091.63
Property Attached Y/N Yes
Source System CRMLS
Special Listing Conditions Standard
Total Units 2
Zoning LAR3

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 1 Common Wall
Laundry Features Inside
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 2652.00
Garage Spaces 2.00
Lot Features Back Yard, Corner Lot, Level with Street, Level, Park Nearby
Lot Size Acres 0.1183
Lot Size Area 5155.0000
Lot Size Source Assessor
Lot Size Square Feet 5155.00
Lot Size Units Square Feet
Number of Buildings 1
Pool Features None
Sewer Public Sewer
Total Parking 2.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90291

Price
AVG $3.11M
$2.9M
Visits
AVG 21
51
Year Built
AVG 1945
1946

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