Nine-Unit Apartment
For Sale
Contact for pricing
117-117 1/2 Paloma Ave, Venice, CA 90291
Earthquake-retrofitted multifamily property with updated interiors, hardwood floors, and on-site laundry.
Property Size3,778 SF
Price / SF$792.75
Days on Market15
Property Features for 117-117 1/2 Paloma Ave
General Information
Standard status
Active
Size
3,778 SF
Property subtype
Multifamily
Zoning
LAR3
Net Operating Income
$159,549
Units
Unit Mix
1 x 2BR/1BA, 4 x 1BR/1BA, 4 x Studio
Multifamily Units
9
Additional Details
Utilities to Site
Yes
Amenities
on-site laundry
Building Details
Year Built
1922
Buildings
1
Units
9
Tenancy
Multi
Listing Agency:
Lee & Associates Los Angeles - Investment Services Group, Inc
(310) 200-1309
Listed By:
Mike Salerno · License #CA 01212427
Source:
Crexi
Added: Aug 18
Changed: Aug 31
Last Checked: Aug 31 at 9:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates Los Angeles - Investment Services Group, Inc
Investment Insights
Based on property information with market context.
Built in 1922, this 3,778-square-foot apartment property contains nine units: one two-bedroom, one-bath house above the garage, four one-bedroom, one-bath units, and four studios. Several kitchens and bathrooms have been remodeled, while hardwood floors, copper plumbing, earthquake retrofitting, and on-site laundry serve the property. Electrical service is individually metered, gas is separately metered in five units, and the studios share a master gas meter. The property is zoned LAR3.
Located at 117-117 1/2 Paloma Ave in Venice, the building sits less than 2 blocks from the Pacific Ocean on a walk street. The property is across from Google Headquarters and has a 94 Walk Score. Abbott Kinney, Main Street, Rose Avenue, and the Venice Boardwalk are nearby, with the property positioned between Pacific and Main Street, four blocks south of Rose Avenue.
Located at 117-117 1/2 Paloma Ave in Venice, the building sits less than 2 blocks from the Pacific Ocean on a walk street. The property is across from Google Headquarters and has a 94 Walk Score. Abbott Kinney, Main Street, Rose Avenue, and the Venice Boardwalk are nearby, with the property positioned between Pacific and Main Street, four blocks south of Rose Avenue.
Key Highlights
- Nine units with a mix of one house, four one‑bedroom units, and four studios
- 3,778‑square‑foot property built in 1922
- Earthquake retrofitting, copper plumbing, and hardwood floors
Property Analytics
Current Use
Lease Details
9
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,169
Businesses Nearby
Explore this area
Business Placement
Demographics for 90291, CA
28,442
Population
16,709
Households
1.7
Avg Household Size
39
Median Age
72%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
11,377
Density / Sq Mi
$119,043
Median Household Income
$83,008
Median Earnings
$2,630
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Earthquake-retrofitted multifamily property with updated interiors, hardwood floors, and on-site laundry.
Where is this apartment building located?
The property is located at 117-117 1/2 Paloma Ave Venice, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Nine units with a mix of one house, four one‑bedroom units, and four studios; 3,778‑square‑foot property built in 1922; Earthquake retrofitting, copper plumbing, and hardwood floors
