Income Home for Sale in Venice, California

117 Paloma Avenue, Venice, California 90291, US

$ 2,995,000

Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

  • Price: $ 2,995,000
  • MLS ID: 26829513
  • Property Type: Income Home
  • WEB ID: PR03599924
  • Property Status: Active
  • Lot Size: 3,885sqft
  •  Income Home for Sale in Venice, California
  •  Income Home for Sale in Venice, California
  •  Income Home for Sale in Venice, California
  •  Income Home for Sale in Venice, California
  •  Income Home for Sale in Venice, California
  •  Income Home for Sale in Venice, California
  •  Income Home for Sale in Venice, California
  •  Income Home for Sale in Venice, California
  •  Income Home for Sale in Venice, California
  •  Income Home for Sale in Venice, California
  •  Income Home for Sale in Venice, California
  •  Income Home for Sale in Venice, California
  •  Income Home for Sale in Venice, California
  •  Income Home for Sale in Venice, California
  •  Income Home for Sale in Venice, California
  •  Income Home for Sale in Venice, California

Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

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  • Price: $ 2,995,000
  • MLS ID: 26829513
  • Property Type: Income Home
  • WEB ID: PR03599924
  • Property Status: Active
  • Lot Size: 3,885sqft
117-117 1/2 is a 9-unit apartment building located in the heart of Venice. It is located across the street from the Google Headquarters and the future site of the 341 - unit development for the Venice Metro Yard. The development plan features 12,900 square feet of public open space, a pedestrian crossing for beach access and integration of the existing Vietnam War Memorial. In addition, the project offers 30,000 square feet of commercial space and a subterranean parking garage for residents, commercial tenants, and beach visitors. The property consists of a 2 bedroom + 1 bath house over the garage, 4 - 1 bedroom + 1 bath and 4 Studios. Long term owner - first time on the market in more than 40 years. The property is individually metered for electricity. The 4 Studios are master metered for gas. The remaining 5 units are individually metered for gas. It has copper plumbing and been earthquake retrofitted. Several of the kitchens and bathrooms have been remodeled. The units have hardwood floors. There is on site laundry. The other income ($11,100/year) is from the laundry, parking and garage. The property is located less than 2 blocks from Pacific Ocean on a beautiful walk street surrounded by multi-million dollar homes. It has a 94 Walkscore - close to Abbott Kinney, Main Street, Rose Avenue and the Venice Boardwalk.

Additional Features

  • One
  • Parking spaces: 3.00
  • Listing Status: Active
  • Listing Agent: Michael A Salerno (lic# 01212427) of Beverly Hills/Greater LA
  • Listing Office: Michael Anthony Salerno (lic# 01212427)
  • Based on information from CRISNet MLS as of 9th August 2026 at 11:00am. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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