Multi-Family Space For Lease @ 39 Paloma Ave

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. This space offers accomodations for: lowrisegarden.