Skip To Content

    114 Paloma Ave

    Venice, CA 90291
    • $2,000,000
    • STATUS: Active
    • ON SITE: 66 days
    • ID#: 21-718392
    UPDATED: 24 min ago
    $2,000,000
    • 4
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,408
      SQFT
    • $831
      $/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. Recent improvements to the property include exterior paint, a new backyard gate, a new fence on the west property line, new vinyl windows throughout the building and a new backyard pergola. Additional upgrades have been made throughout the 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 the upside in rental income in one of the strongest and most desirable rental markets in the country.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-19T11:42:36.097. 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/116068192
    Print Image

    114 Paloma Ave Venice, CA 90291

    • Price: $2,000,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: 21-718392
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    2,408
    SQFT
    $831
    $/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. Recent improvements to the property include exterior paint, a new backyard gate, a new fence on the west property line, new vinyl windows throughout the building and a new backyard pergola. Additional upgrades have been made throughout the 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 the 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

    Assessed Total Value 1208830 Gross Income 117888 Gross Operating Income 114471 Like Units1 2 Like Units2 4 Net Operating Income 74296.00 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 40175 Type Of Units Apartment Water Heaters YN Yes Year Built Source Vendor Enhanced 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 2021-06-19T11:42:36.097. 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.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-718392-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-718392-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-718392-2.jpg
    Logo
    TruLine Realty
    2999 Overland Ave., Suite 116
    Los Angeles CA, 90064