45 Paloma Avenue
Venice, CA 90291
Map
- – beds
- – baths
- – sqft
- 3,901 sqft lot
- 1920 build
- – on site
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.
Last checked:
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Last updated Jun 18, 2025
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MLS# 25553113 —
The Building
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Year Built:1920
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New Construction:No
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Building Area Total:3944.00
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Total Number Of Units:8
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# of Buildings:1
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Stories Total:3
Interior
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Levels:Three Or More
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Laundry:Washer Included, Dryer Included, Community
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Laundry:1
Location
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Directions:Two nearby cross streets for 45 Paloma Ave, Venice, CA 90291 are: Speedway Ave & Pacific Ave
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Latitude:33.99425800
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Longitude:-118.47814100
The Property
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Property Type:Residential Income
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Zoning:LARD1.5
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Lot Size Area:3901.0000
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Lot Size Acres:0.0896
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Lot Size SqFt:3901.00
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View:1
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View:Ocean
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Security Features:Gated Community
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4286021020
Heating & Cooling
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Cooling:No
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Cooling:None
Utilities
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Water Source:Public
Appliances
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Included:Yes
The Community
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Association:No
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Waterfront Features:Ocean Front
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Senior Community:No
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Assessments:No
Parking
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Parking:No
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Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/16/25
Jun 16, 2025
|
Listed / Active | CRMLS_CA | $2,900,000 |
