111 Paloma Avenue, Venice, CA 90291
- $2,650,000
- 6
- BD
- 6
- BA
- 3,504
- SqFt
- List Price
- $2,650,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 26773107
- Year Built
- 1988
- Bedrooms
- 6
- Bathrooms
- 6
- Living Sq. Ft
- 3,504
- Lot Size
- 3,889
- Acres
- 0.09
- Days on Market
- 95
- Property Type
- Multifamily
- Style
- Mediterranean
- Stories
- Two Levels
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
- Appliances
- Dishwasher, Disposal, Refrigerator, Vented Exhaust Fan, Dryer, Washer
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- City Lights, Coastline, Mountain(s), Ocean
- Interior Features
- Ceiling Fan(s)
- Attached Structure
- Attached
- Number Of Units Total
- 2
Listing courtesy of Listing Agent: David Paster (paster@jeffyarbrough.com) from Listing Office: Keller Williams Beverly Hills.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.