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$2,199,888
Est. payment /mo
3,524 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS26238949
HOA Y/N No
Year Built 1965
Lot Size 3,524 Sqft
Property Sub-Type Multi Family
Property Description
26 Paloma Avenue presents a rare opportunity to acquire a stabilized, 5-unit residential investment property situated just steps from the legendary Venice Beach Boardwalk and Pacific Ocean. Offered at $2,199,888, this prime coastal asset pairs steady day-one returns (5.16% Cap Rate) with a clear strategic path toward future rental upside in one of Los Angeles's most tightly held submarkets. 100% leased, all tenants are month-to-month. SB721 compliant. Units are a mix of 2x 2bed/2bath + 3x studio/1bath. 3 covered parking spots.
Location
State CA
County Los Angeles
Area C11 - Venice
Interior
Fireplace No
Laundry Common Area, Inside
Exterior
Fence Block
Utilities Available Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Present Use Multi-Family
Total Parking Spaces 3
Building
Lot Description 0-1 Unit/Acre, Back Yard, Garden, Landscaped, Trees
Story 2
Water Public
Others
Tax ID 4286022008
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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Listed by ADAM KAWASAWA FLOW PROPERTIES 626-377-7007, DRE #01751923
Nearby Locations
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