$3,195,000
117 Paloma Avenue, Venice CA 90291
Multi-Family (9 Units)
Property type
42 days
On market
$846
Price per sqft
N/A
Garage
1922
Year built
3,885 sqft
Lot size
Home highlights
Open Houses
Overview
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....
Listing provided by: Michael A Salerno DRE #01212427 213-866-9801, Michael Anthony Salerno
Listing updated: May 13, 2026 at 07:18am.
Last checked: Jun 13, 2026 at 11:00pm
Source: CRMLS #26829513
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $2,295 | $2,295 | $2,495 | Unfurnished |
| 1 | 1 | 1 | — | $2,350 | $2,350 | $2,495 | Unfurnished |
| 1 | 1 | 1 | — | $2,495 | $2,495 | $2,495 | Unfurnished |
| 1 | 1 | 1 | — | $2,036 | $2,036 | $2,495 | Unfurnished |
| 1 | 0 | 1 | — | $1,595 | $1,595 | $1,695 | Unfurnished |
| 1 | 0 | 1 | — | $1,650 | $1,650 | $1,695 | Unfurnished |
| 1 | 0 | 1 | — | $1,695 | $1,695 | $1,695 | Unfurnished |
| 1 | 0 | 1 | — | $1,388 | $1,388 | $1,695 | Unfurnished |
| 1 | 2 | 1 | — | $2,971 | $2,971 | $4,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 9
Financial Snapshot
Gross Rent Multiplier
13.7x
List Price / Annual Gross Rent
Cap Rate
4.99%
NOI / List Price
Net Operating Income: $159,549
Interior
Cooling: None
Exterior
Stories Total: 2
Levels: One
Garage and Parking
Parking: Garage
Parking Total: 3
Lot Information
Land Lease: No
Parcel #: 4286016020
Zoning: LAR3
Lot Size Dimensions: 30x130
Community
HOA: No
Senior Community: No