Seller's Agent in 2021
Marlene Salcido
Sotheby's International Realty
(323) 333-4951
2 in this area
11 Total Sales
703 Machado Dr Venice, CA 90291
Venice NeighborhoodEstimated Value: $2,481,000 - $2,958,647
6
Beds
5
Baths
2,652
Sq Ft
$1,039/Sq Ft
Est. Value
Highlights
- Solar Power System
- City Lights View
- Wood Flooring
- Broadway Elementary Rated A
- Living Room with Fireplace
- 1-minute walk to Ozone Park
About This Home
As of April 2021Creative, eclectic duplex in prime Venice with a generous R-3 zoned lot. Choose from generating a dual income; live in one & rent out the other, or realize the scope of this lot for development. Currently, there are two 3-bed,2-bath homes offering contemporary living.A fresh white color palette has been paired w/wood floors & cozy fireplaces with brick surroundings.The kitchens are stylish,light-filled with shaker-style cabinetry. Sun-soaked rooftop patios, outdoor garden spaces & a soothing Zen pond ensure peaceful places to relax at the end of the day. Energy-efficient Tesla solar panels, a spacious detached garage & plenty of off-street parking complete this unique property. Located in the sought-after locale of Rose Avenue,next to Ozone Park,close to shopping,cafes, & eateries,as well as the beach.Whether you want to develop this excellent opportunity or snap up the chance for dual income, this is a property you can't go past.Come take a tour and see what possibilities await you!
Last Agent to Sell the Property
Sotheby's International Realty License #01916373 Listed on: 12/04/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946
Lot Details
- 5,155 Sq Ft Lot
- Lot Dimensions are 51x100
Interior Spaces
- 2,652 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Living Room with Fireplace
- City Lights Views
- Alarm System
Kitchen
- Oven or Range
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Parking
- Detached Garage
- Carport
- Driveway
Eco-Friendly Details
- Solar Power System
- Solar Heating System
Utilities
- Central Heating and Cooling System
Community Details
- 2 Buildings
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 4240-019-033
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 9, 2007
Sold by
Burston Alice L and Richardson Alice L
Bought by
Burston David H and Burston Alice Laurel
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$563,409
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$2,191,003
Purchase Details
Closed on
Apr 19, 2005
Sold by
Burston David H
Bought by
Burston Alice L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$632,000
Interest Rate
4.22%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Apr 18, 2005
Sold by
Richardson Alice L and Richardson Revocable Trust
Bought by
Burston Alice L and Richardson Alice L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$632,000
Interest Rate
4.22%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Aug 9, 2001
Sold by
Richardson Alice L
Bought by
Richardson Alice L and The Richardson Revocable Trust
Purchase Details
Closed on
Aug 5, 1997
Sold by
Reese Michael and Reese Elizabeth K
Bought by
Richardson Alice Laurel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,250
Interest Rate
7.42%
Purchase Details
Closed on
Mar 28, 1996
Sold by
Reese Michael
Bought by
Reese Michael and Reese Elizabeth K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,000
Interest Rate
8.07%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Burston David H | -- | United Title Company | |
| Burston Alice L | -- | United Title Company | |
| Burston Alice L | -- | United Title Company | |
| Richardson Alice L | -- | -- | |
| Richardson Alice Laurel | $235,000 | Progressive Title Company | |
| Richardson Alice Laurel | -- | Progressive Title Company | |
| Reese Michael | -- | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Burston David H | $900,000 | |
| Closed | Burston Alice L | $632,000 | |
| Closed | Burston Alice L | $632,000 | |
| Closed | Richardson Alice Laurel | $223,250 | |
| Previous Owner | Reese Michael | $179,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2021 04/27/21 | Sold | $2,335,000 | -8.4% | $880 / Sq Ft |
| 03/16/2021 03/16/21 | Pending | -- | -- | -- |
| 12/04/2020 12/04/20 | For Sale | $2,550,000 | -- | $962 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $30,432 | $2,527,478 | $1,894,256 | $633,222 |
| 2024 | $30,126 | $2,477,920 | $1,857,114 | $620,806 |
| 2023 | $29,540 | $2,429,334 | $1,820,700 | $608,634 |
| 2022 | $28,160 | $2,381,700 | $1,785,000 | $596,700 |
| 2021 | $7,928 | $649,504 | $277,320 | $372,184 |
| 2020 | $8,005 | $642,845 | $274,477 | $368,368 |
| 2019 | $7,693 | $630,242 | $269,096 | $361,146 |
| 2018 | $7,596 | $617,885 | $263,820 | $354,065 |
| 2016 | $7,245 | $593,894 | $253,577 | $340,317 |
| 2015 | $7,140 | $584,975 | $249,769 | $335,206 |
| 2014 | $7,172 | $573,517 | $244,877 | $328,640 |
Source: Public Records
Agents Affiliated with this Home
-
Marlene Salcido
-
Briar Pecsok
Buyer's Agent in 2021
Briar Pecsok
Amalfi Estates
(310) 922-4241
5 in this area
33 Total Sales
-
Anthony Marguleas
Buyer Co-Listing Agent in 2021
Anthony Marguleas
Amalfi Estates
(310) 293-9280
12 in this area
314 Total Sales
Map
Source: The MLS
MLS Number: 20-666586
APN: 4240-019-033
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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