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114 Paloma Ave

Venice, CA 90291
  • $2,000,000
  • STATUS: Active
  • ON SITE: 60 days
  • MLS #: 21-718392
$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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-12T23:42:42.417. 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.searchdesertrealestate.com/homes/116068192
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114 Paloma Ave Venice, CA 90291

  • Price: $2,000,000
  • Status: Active
  • MLS #: 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 2021-06-12T23:42:42.417. 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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The John Jay Group - Bennion Deville Homes
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