Listing Detail

IAG

36 Paloma Ave., Venice, CA 90291

Probate Sale. Subject to Court confirmation and over-bidding in Court per Probate Court Rules. Triplex in Venice, for sale AFTER 35 years! Stone-throw away from Venice Beach (Only 0.7 miles). One of the lowest price per square feet property, just half-a-block from the beach! Top floor unit, 3 bed 2.5 bath + bonus room, approx.
1,600SF, is currently vacant, and will be delivered AS IS. 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. Income details below assumes market rent of $6,500 for the vacant 3 bedroom unit. Inside of the units need to be rehabbed. Seller is a Court appointed fiduciary and cannot make any representations as to the condition and history of the subject property. Sold "As Is" And "Where Is" with current tenants in place. 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 $2,195,000
Year Built 1964
Building Sq Ft 3,120
Number of units 3
CAP Rate 2.50
GRM 24.00
Value per Square Feet $704
Broker Name Vinny Jain
Telephone (310) 207-2288
Email sales@ingeniousassetgroup.com
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