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 Details
Price:
$2,900,000
MLS #:
25553113
Status:
Active
Baths:
0
Address:
45 Paloma Avenue
Type:
Residential Income
Neighborhood:
c11venice
City:
Venice
Listed Date:
Jun 16, 2025
State:
CA
ZIP:
90291
Lot Size:
3,901 sqft / 0.09 acres (approx)
Year Built:
1920
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Schools
Interior
Cooling
None
Exterior
Parking Features
None
Parking Spots
0.00
Security Features
Gated Community
Stories Total
3
View
Ocean
Water Source
Public
Financial
Map
Community
- Address45 Paloma Avenue Venice CA
- AreaC11 – Venice
- CityVenice
- CountyLos Angeles
- Zip Code90291
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45 Paloma Avenue
Venice, CA
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