Bungalow

114 Paloma Avenue

Venice , CA 90291

MLS#: 25594359

$2,200,000

Status: Active
Listing number: 25594359
Listing provided by: Dana Brody
Listing agent phone: None
Last update: 3 days ago
New on site 3 days ago
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Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1910

Sq.Footage

2,408

We are very pleased to exclusively offer for purchase 114 Paloma Avenue, a 6-unit apartment building located less than two blocks from the Pacific Ocean, situated on a beautiful Venice Walk Street surrounded by multi-million-dollar homes. Boasting a 95 Walkscore, 114 Paloma is being delivered with 4 of 6 units vacant, ready to be remodeled and re-rented at market rents. Unique opportunity to purchase a value-add multi-family investment property in prime Venice Beach. Located less than 2 blocks from the beach on a classic walk street. Walking distance to Main Street, Rose Avenue & Abbot Kinney, future residents of 114 Paloma will enjoy a true walker's paradise. Approx. 50% potential upside in rents. The 6-unit property consists of (4) one bedroom, one bath and (2) single, one bath apartments. The vintage units have hardwood floors and tile. Rear unit has access to a stunning and large backyard with tropical landscaping, gorgeous sitting area. The two front units have access to one large 30x30 yard, which creates a beautiful front entrance. 114 Paloma Avenue is a six-unit apartment building in the heart of Venice, CA, beautifully situated on a walk street less than two blocks from the Pacific Ocean. 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, dubbed "the coolest block in America", Main Street and Rose Avenue. This 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 presents today's savvy multi-family investor the unique opportunity to capitalize on nearly 70% vacancy, creating instant upside in rental income in one of the strongest and most desirable rental markets in the country.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    None

  • Pool

    No

  • View

    City Lights

Area & Lot

  • Lot Size(acres)

    0.0641

  • Property Type

    Residential Income

  • Architectural Style

    Bungalow

Price

  • Sales Price

    $2,200,000

  • Sq. Footage

    2, 408

  • Price/SqFt

    $913

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

County

Los Angeles

Elementary School

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High School

Listing Courtesy of Dana Brody , Dana Brody

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Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


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We are very pleased to exclusively offer for purchase 114 Paloma Avenue, a 6-unit apartment building located less than two blocks from the Pacific Ocean, situated on a beautiful Venice Walk Street surrounded by multi-million-dollar homes. Boasting a 95 Walkscore, 114 Paloma is being delivered with 4 of 6 units vacant, ready to be remodeled and re-rented at market rents. Unique opportunity to purchase a value-add multi-family investment property in prime Venice Beach. Located less than 2 blocks from the beach on a classic walk street. Walking distance to Main Street, Rose Avenue & Abbot Kinney, future residents of 114 Paloma will enjoy a true walker's paradise. Approx. 50% potential upside in rents. The 6-unit property consists of (4) one bedroom, one bath and (2) single, one bath apartments. The vintage units have hardwood floors and tile. Rear unit has access to a stunning and large backyard with tropical landscaping, gorgeous sitting area. The two front units have access to one large 30x30 yard, which creates a beautiful front entrance. 114 Paloma Avenue is a six-unit apartment building in the heart of Venice, CA, beautifully situated on a walk street less than two blocks from the Pacific Ocean. 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, dubbed "the coolest block in America", Main Street and Rose Avenue. This 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 presents today's savvy multi-family investor the unique opportunity to capitalize on nearly 70% vacancy, creating instant upside in rental income in one of the strongest and most desirable rental markets in the country.

114 Paloma Avenue

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