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$2,900,000
50 Days On Site

45 Paloma Avenue
Venice, CA 90291

For Sale|Residential Income|Active
5
Beds
8
Total Baths
3,944
SqFt
$735
/SqFt
1920
Built
County:
Los Angeles
Listed by Oliver Fries of Paloma Realty Partners, Inc. [email protected]

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714-883-2943
45 Paloma Avenue45 Paloma Avenue45 Paloma Avenue45 Paloma Avenue
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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.

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Listing Snapshot
Price 
$2,900,000
Days On Site 
50 Days
Bedrooms 
5
Inside Area (SqFt) 
3,944 sqft
Total Baths 
8
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.0896 Acres
Year Built 
1920
MLS® Number 
25553113
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.0896
Number Of Stories 
3
Parking 
None
Security 
Gated Community
Special Circumstances 
Standard
SqFt Total 
3944
Stories 
Three Or More
Water Source 
Public
Zoning 
LARD1.5
Interior Features
Appliances 
DryerWasher
Laundry Features 
Common Area
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Exterior Features
View 
Ocean
Waterfront 
Yes
Waterfront Features 
Ocean Front
Waterview 
Ocean
Community Features
Community Features 
Gated
MLS Area 
C11 - Venice


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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