117 Paloma Ave, Venice, CA 90291
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117 Paloma Ave, Venice, CA 90291
117 Paloma Ave, Venice, CA 90291
117 Paloma Ave, Venice, CA 90291
117 Paloma Ave, Venice, CA 90291
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$ 2,995,000
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Price Dropped by $200K

117 Paloma Ave Venice, CA 90291

6 Beds

9 Baths

3,778 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,778 sqft

Price per Sqft $792

MLS Listing ID 26829513

Bedrooms 6

Year Built 1922

Lot Size 3,885 Sqft

Acres 0.0892

Property Sub-Type Multi-Family

Property Description

$200,000 PRICE REDUCTION!!! 117-117 1/2 is a 9-unit apartment building located in the heart of Venice. It is located across the street from the Google Headquarters and the future site of the 341 - unit development for the Venice Metro Yard. The development plan features 12,900 square feet of public open space, a pedestrian crossing for beach access and integration of the existing Vietnam War Memorial. In addition, the project offers 30,000 square feet of commercial space and a subterranean parking garage for residents, commercial tenants, and beach visitors. The property consists of a 2 bedroom + 1 bath house over the garage, 4 - 1 bedroom + 1 bath and 4 Studios. Long term owner - first time on the market in more than 40 years. The property is individually metered for electricity. The 4 Studios are master metered for gas. The remaining 5 units are individually metered for gas. It has copper plumbing and been earthquake retrofitted. Several of the kitchens and bathrooms have been remodeled. The units have hardwood floors. There is on site laundry. The other income ($11,100/year) is from the laundry, parking and garage. The property is located less than 2 blocks from Pacific Ocean on a beautiful walk street surrounded by multi-million dollar homes. It has a 94 Walkscore - close to Abbott Kinney, Main Street, Rose Avenue and the Venice Boardwalk.

Location

State CA

County Los Angeles

Area Venice

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Other

Cooling None

Equipment None

Exterior

Parking Features Garage

Garage Spaces 3.0

Building

Story 2

Level or Stories One

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Michael Anthony Salerno
Gabriel Carrasco

Gabriel Carrasco

Agent | License ID: DRE# 02229520

+1(424) 422-6029

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117 Paloma Ave