California / Los Angeles / 90291 / 39 Paloma Avenue

39 Paloma Avenue

Q: What is the asking price for 39 Paloma Avenue in Los Angeles?

The asking price for 39 Paloma Avenue is $8,500,000

Q: What is the building size of this Multifamily property in Los Angeles, CA?

The size of the building/unit at 39 Paloma Avenue in Los Angeles is 12,178 square feet.

Q: How much land does the Los Angeles, CA property at 39 Paloma Avenue include?

39 Paloma Avenue in Los Angeles includes 0.179 acres of land.

Q: What is the population within 1 mile of 39 Paloma Avenue?

The population within 1 mile of 39 Paloma Avenue Los Angeles, CA 90291 is 29,148 people.

Q: Who do I contact for questions about 39 Paloma Avenue?

You should contact the listing agent, Tim Steuernol, for any details regarding this commercial listing.

Los Angeles, CA 90291

Listing ID: 248189

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Building Size: 12,178 SF

Lot Size: 0.179 AC

Land Size: 7,797 SF

Building $/SF: $697.98

Land $/SF: $1,000.00

Price

$8,500,000

Property Highlights

Court Ordered Partition Sale - Subject to Court Approval and Overbid

One Block to the Sand with Direct Access to a Walk Street

Excellent Unit Mix, Spacious Units, Several Units with Loft-Style Layouts

Well Maintained Asset with Secured Parking for 19 Cars

Over 30 Potential Upside in Rents, 3 Units Delivered Vacant

Earthquake Retrofitting Completed

Description

Tim Steuernol of NAI Capital, Inc. is pleased to present 39 Paloma Ave in Venice, CA. The asset is a 14 unit 12,178 square foot apartment building situated on a 7,797 square foot lot zoned Rd1.5. The unit mix consists of two singles, seven 1+1 Units, four 1+1+ Loft Units, and one 2+1 unit. The apartments are very spacious, some with lofts and balconies, and always in extremely high rental demand. The property has been re-piped with copper and is well maintained throughout. Access to the gated parking lot with 19 spaces through Dudley Court. The front of the building opens up to a pedestrian Walk Street on Paloma Ave. The property is individually metered for gas and electricity and master metered for water and sewer. Subject to the City of Los Angeles Rent Control, currently rents can be increased 4% annually. There is coin operated onsite laundry. Earthquake retrofitting has been completed at the property. Large enclosed storage unit with windows in the garage.

Points of Interest & Demographic Radii

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Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Los Angeles History of Multifamily Housing for Sale

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Listing Demographics for 39 Paloma Avenue Los Angeles, CA 90291

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		29,148	185,007	441,897
Population Median Age		42	41	40
Population by Age	0-9 Yrs	2010 (6%)	15459 (8%)	39401 (8%)
	10-19 Yrs	1506 (5%)	11966 (6%)	33586 (7%)
	20-29 Yrs	4165 (14%)	28459 (15%)	78299 (17%)
	30-39 Yrs	7368 (25%)	38538 (20%)	88445 (20%)
	40-49 Yrs	3923 (13%)	25570 (13%)	60033 (13%)
	50-59 Yrs	3917 (13%)	24432 (13%)	52167 (11%)
	60-69 Yrs	3131 (10%)	20703 (11%)	45206 (10%)
	70+ Yrs	3127 (10%)	19880 (10%)	44761 (10%)

Median HH Income		$90,504	$99,122	$96,043
Total Household Income	< 24K	3056 (18%)	14699 (15%)	30690 (14%)
	25-49K	2257 (13%)	11779 (12%)	26915 (13%)
	50-74K	1680 (10%)	10235 (11%)	25250 (12%)
	75-99K	1966 (11%)	10127 (10%)	24075 (11%)
	100-199K	4173 (25%)	27156 (29%)	57676 (27%)
	200K+	3293 (20%)	18974 (20%)	41637 (20%)

Highest Education Level	No Diploma	1345	8488	20171
	Diploma or GED	2148	13519	30063
	Some College	3565	22537	51251
	Assoc. Degree	859	6469	15717
	Bachelors Degree	10505	59190	130390
	Higher Degree	6275	38318	93127

Total Housing Units		18,807	104,974	227,086
--Owner-Occupied		4,250	27,152	69,641
--Renter-Occupied		12,174	65,819	136,603
Owner-Occupied Values	< 100K	98	493	1133
	100-199K	32	203	528
	200-299K	71	347	763
	300-399K	91	289	946
	400-499K	76	668	2106
	500K+	3882	25153	64165

Total Working Age Population		26,200	162,442	383,035
In Work Force		19,642	117,169	272,405
Not In Work Force		6,558	45,273	110,630
Workforce Employed		18,556	111,529	259,203
Workforce Unemployed		1,059	5,594	12,989
Civlian Workforce		19,615	117,122	272,192
Military Workforce		27	47	213

Total Households		16,424	92,971	206,243
Family Households		5,319	37,565	91,101
Non-Family Households		11,106	55,406	115,142
Married Couple		3,980	29,001	70,567
Other Family		1,338	8,564	20,534
Married w/Child		1,212	10,177	26,507
Single Male w/Child		239	1,344	2,748
Single Female w/Child		333	2,666	5,941

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
California	33,871,648	+10	37,253,956	+9	40,467,295	+8	43,631,295
Los Angeles County	9,519,338	+3	9,818,605	+6	10,369,367	+4	10,759,850

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 39 Paloma Avenue in Los Angeles?

The asking price for 39 Paloma Avenue is $8,500,000

What is the building size of this Multifamily property in Los Angeles, CA?

The size of the building/unit at 39 Paloma Avenue in Los Angeles is 12,178 square feet

How much land does the Los Angeles, CA property at 39 Paloma Avenue include?

39 Paloma Avenue in Los Angeles includes 0.179 acres of land

What is the population within 1 mile of 39 Paloma Avenue in Los Angeles?

The population within 1 mile of 39 Paloma Avenue Los Angeles, CA 90291 is 29,148 people.

Who do I contact for questions about 39 Paloma Avenue?

You should contact the listing agent, Tim Steuernol, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Los Angeles International Airport (LAX)	5
John Wayne Airport-Orange County Airport (SNA)	41
Ontario International Airport (ONT)	50