Listing Detail

IAG

36 Paloma Ave., Venice, CA 90291

36 Paloma Ave.jpg

PROBATE SALE. Court Confirmation MAY BE required. Triplex in Venice, for sale AFTER 35 years! Stone-throw away from Venice Beach. Top floor 3 bed 2.5 bath unit, approx. 1,600SF, delivered vacant. Other 2 units are tenant occupied. Property is subject to City of LA Rent Stabilization Ordinance. All units separately metered for electricity. Great upside potential. Sold "As Is" And "Where Is" with current tenants in place. Income details below assumes market rent of $6,500 for the vacant 3 bedroom unit. Seller is a Court appointed fiduciary and cannot make any representations as to the condition and history of the subject property. Buyer to conduct their own
investigations.

Property Highlights
Street 36 Paloma Ave.
City Venice
State CA
Zip 90291
Status Available
Property Type Multi-family
Asking Price $2,895,000
Year Built 1964
Building Sq Ft 3,120
Number of units 3
CAP Rate 2.50
GRM 24.00
Value per Square Feet $928
Broker Name Vinny Jain
Telephone (310) 207-2288
Email sales@ingeniousassetgroup.com
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