111 Paloma Ave, Venice, CA 90291
- $2,650,000
- 6
- BD
- 6
- BA
- 3,504
- SqFt
- List Price
- $2,650,000
- MLS#
- 26773107
- Year Built
- 1988
- Bedrooms
- 6
- Bathrooms
- 6
- Living Sq. Ft
- 3,504
- Lot Size
- 3,889
- Days on Market
- 39
- Property Type
- Multifamily
- Style
- Mediterranean
- Stories
- 2
Property Description
First time on the market! Exceptional investment opportunity on a prime Venice walk street. Positioned between Main and Pacific, with the iconic Binoculars Building to the east and one block from the sand, this property sits in a consistently strong rental market (Walk Score: 95; Bike Score: 99). This well-maintained duplex features two large 3-bedroom, 3-bath units with highly functional, near-mirror-image layouts. Each unit includes a primary suite with private balcony, in-unit laundry, central A/C, generous living space, and access to an expansive roof deck that spans the entire length of the building (each unit allocated to half). 6 total parking spaces are secured behind remote-controlled garage doors: an exceptional offering in this area and a significant value-add. Originally designed for owner occupancy, the property is currently fully tenant-occupied with a stable rental history. Ideal for investors seeking a turnkey asset in a high-demand coastal market, with strong in-place income and long-term upside potential. Please do not disturb tenants. Buyer to cooperate with Seller's 1031 exchange at no cost to Buyer.
Additional Information
- Other Buildings
- None
- Heat
- Central
- Cooling
- Central
- View
- City Lights, Coastline, Ocean, Mountains
- Number of Cars in Garage
- Carport Attached, Controlled Entrance, Covered Parking, Tandem
Mortgage Calculator
Courtesy of Keller Williams Beverly Hills, David Paster - CA DRE#02132722
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