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    114 Paloma Ave

    Venice, CA 90291
    • $2,150,000
    • STATUS: Active
    • ON SITE: 360 days
    • ID#: 19-535258
    UPDATED: 54 min ago
    $2,150,000
    • 4
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,408
      SQFT
    • $893
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:
    Area:

    School Ratings & Info

    Description

    114 Paloma Avenue is a six-unit apartment building in the heart of Venice, CA. Built in 1910, the charming property is comprised of four one-bedroom, one-bathroom, and two studio units. This asset is situated two blocks from the beach and walking distance to Abbott Kinney, "the coolest block in America", Main Street and Rose Avenue. The vibrant beach town offers countless activities, premier shopping and trendy restaurants. Known as Silicon Beach, the immediate area is a growing technology and startup hub. 114 Paloma Avenue is a unique opportunity to capitalize on upside in rental income in one of the strongest and most desirable rental markets in the country.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T12:42:46.157. 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.
    www.trulinerealty.com/homes/101499171
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    114 Paloma Ave Venice, CA 90291

    • Price: $2,150,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 19-535258
    4
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,408
    SQFT
    $893
    $/SQFT
    1910
    Built
    Neighborhood:
    Venice
    County:
    Los Angeles
    Area:
    Venice
    Property Description
    114 Paloma Avenue is a six-unit apartment building in the heart of Venice, CA. Built in 1910, the charming property is comprised of four one-bedroom, one-bathroom, and two studio units. This asset is situated two blocks from the beach and walking distance to Abbott Kinney, "the coolest block in America", Main Street and Rose Avenue. The vibrant beach town offers countless activities, premier shopping and trendy restaurants. Known as Silicon Beach, the immediate area is a growing technology and startup hub. 114 Paloma Avenue is a unique opportunity to capitalize on upside in rental income in one of the strongest and most desirable rental markets in the country.
    Exterior Features

    Lot Size Area 2820 Other Structures Other Parking Garage Other Total Parking 0

    Interior Features

    Baths Total 6.00 Cooling Other Equipment Other Heating Other

    Property Features

    Gross Income 113680 Gross Operating Income 117072 Like Units1 2 Like Units2 4 Net Operating Income 70907.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 42773 Type Of Units Apartments Year Built Source Other Zoning Lar3

    Listing provided courtesy of Daniel Withers DRE#01325901 of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T12:42:46.157. 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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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211