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.
Parking Features: Attached Carport, Controlled Entrance, Covered, Garage, Tandem
Parking Total: 6
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Heating: Central
Has Heating: Yes
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There are 6 bedrooms in this multi-family home at 111 Paloma Avenue.
Does this multi-family home have parking?
Yes, there are 6 parking spaces available for 111 Paloma Avenue.
How does 111 Paloma Avenue compare to other multi-family homes in Venice Beach?
This multi-family home is listed 16% below the average price for multi-family homes in Venice Beach and has been on the market for 105 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 3,504 sqft.
111 Paloma Avenue is a 6-bedroom multi-family home for sale in Venice CA 90291. Listed on Prevu for 8 days at $2,650,000. This home features 3,504 square feet of living space, located in Venice Beach. The median listing price for multi-family homes in this area is $2,573,000. Additional amenities include dishwasher, air conditioning, parking, and washer/dryer. View other multi-family home listings in Los Angeles.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.