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About the Listing CLW-X74054 - CLW-C141841,CLW-X54350
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.
Listing Highlights
Status
Active
Days on Site
27
Property Type
Multi-Family
MLS ®
26773107
Year Built
1988
Total Square Footage
3,504
Lot/Acreage
0.09
County
Los Angeles
Area
C11 - Venice
Interior Details
- Bedrooms: 6
- Bathrooms: 6 Full
- Appliances: Dishwasher, Disposal, Refrigerator, Vented Exhaust Fan, Dryer, Washer
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Tile,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s)
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 6
- Zoning: LAR3
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Attached Carport,Controlled Entrance,Covered,Garage,Tandem
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4286016021
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
111 Paloma Ave Venice, CA 90291
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