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111 Paloma Ave, Venice, CA, 90291

6beds
6baths
3,504sqft
$2,650,000
$756price/sqft
$17,279/moest. monthly cost
$691,160/yrincome needed

About This Home

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.

Getting Around

95
WalkingWalker's Paradise
0
TransitVery Limited Transit
99
BikeBiker's Paradise

Construction

Condition

  • Year built: 1988

Type & Style

  • Home type: MultiFamily
  • Architectural style: Mediterranean
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Washer,Vented Exhaust Fan,Refrigerator,Range/Oven,Exhaust Fan,Disposal
  • Laundry features: In Unit

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 6

Features

  • Ceiling Fan(s)
  • Flooring: Hardwood,Tile

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,504
  • Total interior livable area: 3,504 sqft

Property

Details

  • Parcel number: 4286016021
  • Zoning: LAR3
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Has view: Yes
  • View description: City Lights,Coastline,Ocean,Mountain(s)
  • Has water view: Yes
  • Water view: Coastline,Ocean

Lot

  • Lot size: 3,889 sqft

Parking

  • Total spaces: 8
  • Parking features: Attached Carport,Secured,Covered,Tandem
  • Covered spaces: 8
  • Carport: Yes