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$2,650,000
Listing Price6beds
6baths
3,504sqft
3,877sqft lot
111 Paloma Ave, Venice, CA 90291
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Pending
Off Market
Home type
Price / sqft
Year built
Home Details
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.
Interior Details
3504
6
6
Has Heating:
No
Heating Type:
N/A
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
3877
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Duplex Single
N/A
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$5,753
$20,367
$446,454
--%
$466,821
2019
$5,753
$19,968
$437,700
--%
$457,668
2018
$5,675
$19,577
$429,118
--%
$448,695
2017
$5,556
$19,194
$420,704
--%
$439,898
2016
$5,396
$18,818
$412,455
--%
$431,273
2014
$5,263
$18,173
$398,302
--%
$416,475
2013
$5,257
$18,091
$396,502
--%
$414,593
2012
$5,177
$17,737
$388,728
--%
$406,465
Average Home Price in 90291
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In August 2024, LA’s pre-foreclosures plummeted 50% from July and 60% from last year, suggesting better economic conditions or successful homeowner interventions. Similar trends in San Jose, while SF and SD remain stable. Sacramento shows significant improvement. LA’s efforts stand out. #HousingMarket #LosAngeles


