45 Paloma Avenue

Venice, CA 90291

  • 5 Bed(s)
  • 0 Bath(s)
  • 3,944 Sqft
  • 3901
    Sqft(Lot)
$2,900,000

Description

Paloma realty partners is proud to present 45 paloma avenue, an 8-unit value-add multifamily opportunity located just steps from the beach in the heart of venice, one of los angeles' most sought-after rental markets. this offering includes eight existing units with the ability to add an adu, with 3,944 sf of rentable space, situated on a 3,901 sf rd1.5-zoned lot. positioned just minutes from abbot kinney, rose avenue, and the venice boardwalk, the property benefits from consistent tenant demand and walkable access to restaurants, shops, and major employment hubs. this is a compelling opportunity for investors seeking a stabilized westside asset with value-add potential and built-in rent growth.the unit mix features 6 studios, and two two-bedrooms units. the seller has resided on the premises for 30 years, and the owners unit is a 2bd/2bth three story townhome with a private roof deck and ocean views. the property was updated in 2012 with new electrical, plumbing and roof throughout. with in-place income producing at a 5% cap rate and pro forma projections reaching 8%the asset provides both immediate yield and long-term upside. 50% ltv seller financing available for qualified individuals, please connect with agents to learn more.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50193190

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Property Details

  • Bedroom Information

    • Total Bedrooms : 5

    Bathroom Information

    • Total Baths: 8
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Dryer,Washer

    Cooling Features

    • None
    • Air Conditioning

  • Building Information

    • Year Built: 1920
    • Building Area Total: 3,944

    Security Features

    • Gated Community

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.0896
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 3901

  • Listing Price Information

    • Original List Price: 2,900,000
    • Listing Contract Date: 2025-06-16

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4286021020

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C11 - Venice
    • Directions: Two nearby cross streets for 45 Paloma Ave, Venice, CA 90291 are: Speedway Ave & Pacific Ave
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: C11 - Venice

    Building and Construction

    • Property Age: 105
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 3944
    • Levels or Stories: Three Or More
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BuyOwner last updated this listing 07/13/2025 @ 13:19

  • MLS: 25553113
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 5 bedrooms which is for sale, it has 3,944 sqft, 3,901 sized lot, and 0 parking. are nearby neighborhoods.