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117 Paloma Ave
Venice, CA 90291

$2,995,000 USD

Apartments For Sale • 3,778 SF

Property Details

Property Type Apartments
Total Building Size 3,778 SF
Lot Size 0.09 AC
Building Class C
Year Built 1922
Cap Rate 5.33 %
Zoning LAR3

70 Transit Score

80 Walk Score

                
                    Highlights
                
                                PRICE RDUCED - $200,000 9-units Prime Venice
                            
                                Located across the street from Google Headquarters & future development for Venice Metro Yard
                            
                                Close to Venice Boardwalk, restaurants, shops and major employment hubs
                            
                                Several of the kitchens and bathrooms have been remodeled
                            
                                Hardwood floors
                            
                                Copper plumbing and earthquake retrofitted

Property Flyers

OM PR_compressed

Financial Summary (Actual)

Net Operating Income: $159,549 USD (2025)

Cap Rate:	5.33 %
Total Expenses:	$73,251 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
PPM - 117 Paloma Ave

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	15 min	-	7.5 mi
Bob Hope	38 min	-	24.5 mi
Long Beach (Daugherty Field)	38 min	-	26.8 mi

Michael Salerno 213-866-9801 Lee & Associates

117 Paloma Ave Venice, CA 90291