Multi-Family for sale in Southern California — $2,995,000. 6 beds · 9 baths · 3,778 sqft. $200,000 PRICE REDUCTION!!! 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 f…
$2,995,000
117 Paloma Avenue, Venice, CA 90291
$200,000 PRICE REDUCTION!!! 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.
Listing updated: June 23, 2026 at 6:57 AM
Listed by: Michael A Salerno, Michael Anthony Salerno
Source: CRMLS, MLS#: 26829513, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
6/23/2026 Source: CRMLS, #26829513 | Price change | $2,995,000$793/sqft-6.3% |
| 5/05/2026Source: CRMLS, #26829513 | Listed for sale | $3,195,000$846/sqft |
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