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    36 Paloma Ave

    Venice, CA 90291
    • $2,363,000
    • STATUS: Active Under Contract
    • ON SITE: 46 Days
    • MLS #: 21-779110
    Under Contract
    UPDATED: 64 min ago
    $2,363,000
    • 6
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,120
      SQFT
    • $757
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Description

    PROBATE SALE, Subject to Court confirmation and over-bidding in Court. Sale confirmation scheduled for Wed., December 8th, 2021 at 8:30 am, in Dept. 79 at DTLA Court located at 111 North Hill Street, Los Angeles, CA 90012. Asking price is the 1st minimum overbid amount. All interested over-bidder must be present in the court with a cashier's check for at least 10% of the minimum overbid amount, or for at least $236,300.00, payable to "Aileen B. Federizo, Successor Trustee of the Ethel M. Robinson Trust dated April 2, 2002". 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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-25T21:42:35.27. 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.
    www.markwiseproperties.com/homes/121246902
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    36 Paloma Ave Venice, CA 90291

    • Price: $2,363,000
    • Status: Active Under Contract
    • Updated: 64 min ago
    • MLS #: 21-779110
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    3,120
    SQFT
    $757
    $/SQFT
    1964
    Built
    Neighborhood:
    Venice
    County:
    Los Angeles
    Area:
    Venice
    Property Description
    PROBATE SALE, Subject to Court confirmation and over-bidding in Court. Sale confirmation scheduled for Wed., December 8th, 2021 at 8:30 am, in Dept. 79 at DTLA Court located at 111 North Hill Street, Los Angeles, CA 90012. Asking price is the 1st minimum overbid amount. All interested over-bidder must be present in the court with a cashier's check for at least 10% of the minimum overbid amount, or for at least $236,300.00, payable to "Aileen B. Federizo, Successor Trustee of the Ethel M. Robinson Trust dated April 2, 2002". 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.
    Exterior Features

    Carport Spaces Total 3 Covered Parking 2 Direction Faces North Garage Structures Total 1 Levels Two Lot Location Beach AccessOcean Access Lot Size Area 3523 Other Structures None Parking Garage CarportGarage - 2 CarGarage Is Attached Pool Description None Pool YN No Roof Flat Spa None Spa YN No Style Low Rise Tennis Court None Tennis YN No Total Parking 5 View Description Walk Street View YN Yes

    Interior Features

    Baths Total 5.00 Common Walls Detached/No Common Walls Cooking Appliances Free Standing Gas Cooling Ceiling Fan Den No Dining Room No Equipment None Family Room No Fireplace Rooms None Flooring Carpet Heating Wall Laundry In UnitInsideLaundry Area Rooms Dining AreaLiving RoomStudioOther Water Heater Features Water Heater Unit

    Property Features

    ADACompliance No Alley YN Yes Assessed Total Value 134159 Disability Access None Gross Income 123320 Gross Operating Income 117154 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 82672.00 Number Of Buildings 1 Number Of Units 3 Owner Pays GasGardenerWaterElectricity Property Condition Fixer Rent Control YN Yes Sale Type Probate Listing Security Features Carbon Monoxide Detector(S)Smoke DetectorGated Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityGas Total Annual Expense 34482 Type Of Units Multi-Family Water District Water Heaters YN Yes Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Vineendra Jain DRE#01413466 of Ingenious Asset Group, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-25T21:42:35.27. 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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    Rancho Mirage CA, 92270