Venice Apartment Building with
For Sale
$2,995,000
117 Paloma Avenue, Los Angeles, CA 90291
Nine-unit apartment building with on-site laundry, individually metered utilities, hardwood floors, and earthquake retrofitting.
Property Size3,778 SF
Days on Market116
Property Features for 117 Paloma Avenue
General Information
Standard status
Active
Size
3,778 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
9
Building Details
Building Size
3,778 SF
Year Built
1922
Tenancy
Multi
Listing Agency:
Lee & Associates Los Angeles - Investment Services Group, Inc
(310) 200-1309
Listed By:
Mike Salerno · License #CalDRE #01212427
(310) 200-1309
Source:
Lee-associates
Added: May 7
Changed: Aug 25
Last Checked: Aug 29 at 7:43AM
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.
This 9-unit apartment building includes one 2-bedroom, 1-bath house over the garage, along with four 1-bedroom, 1-bath units and four studio apartments. The property features copper plumbing and has been earthquake retrofitted. Several kitchens and bathrooms have been remodeled, and the units have hardwood floors. On-site laundry is available.
The building is located in Venice, less than 2 blocks from the Pacific Ocean, on a walk street surrounded by multi-million dollar homes. The property is across the street from the Google Headquarters and the future site of the Venice Metro Yard development.
Utilities are separately metered for electricity. The four studios are master metered for gas, while the remaining five units are individually metered for gas.
The building is located in Venice, less than 2 blocks from the Pacific Ocean, on a walk street surrounded by multi-million dollar homes. The property is across the street from the Google Headquarters and the future site of the Venice Metro Yard development.
Utilities are separately metered for electricity. The four studios are master metered for gas, while the remaining five units are individually metered for gas.
Key Highlights
- 9‑unit apartment building built in 1922 in Venice, with on‑site laundry
- Across the street from the Google Headquarters and the future Venice Metro Yard development site
- Unit mix: one 2BD/1BA house over the garage, four 1BD/1BA units, and four studios
Property Analytics
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,348
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit apartment building with on-site laundry, individually metered utilities, hardwood floors, and earthquake retrofitting.
Where is this apartment building located?
The property is located at 117 Paloma Avenue Los Angeles, 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: 9‑unit apartment building built in 1922 in Venice, with on‑site laundry; Across the street from the Google Headquarters and the future Venice Metro Yard development site; Unit mix: one 2BD/1BA house over the garage, four 1BD/1BA units, and four studios
