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Century 21 Realty Masters
26 Paloma, Venice, CA 90291
- $2,199,888
- List Price
- $2,199,888
- Status
- ACTIVE
- MLS#
- WS26238949
- Year Built
- 1965
- Lot Size
- 3,525
- Acres
- 0.08
- Lot Location
- 0-1 Unit/Acre, Back Yard, Garden, Landscaped, Trees
- Days on Market
- 18
- Property Type
- Commercial
- 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.
Additional Information
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $141,588
- Operating Expense
- 4000
Listing courtesy of Listing Agent: ADAM KAWASAWA (adam@flow.la) from Listing Office: FLOW PROPERTIES.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.