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For sale
  • $2,900,000

    45 Paloma Ave, Venice, CA 90291

    5beds
    8baths
    3,944sqft
    : 
    Multi Family
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $735/sqft
    $-- HOA

    What's special

    Ocean viewsSteps from the beachPrivate roof deck
    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.
    46 days
    on Zillow
    |
    353
    |
    16
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 23, 2025 at 05:06pm

    Listed by:

    Oliver Fries DRE # 01891656 805-259-9638,

    Paloma Realty Partners, Inc. 310-392-2436,

    Adam Kanizo DRE # 02008361 818-292-1346,

    Paloma Realty Partners, Inc.

    Source: CLAW,MLS#: 25553113MLS Logo
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    Next available tour time:Today at 5:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 8
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • None
    Appliances
    • Included: Range/Oven, Dryer, Washer
    • Laundry: Common Area
    Interior area
    • Total structure area: 3,944
    • Total interior livable area: 3,944 sqft

    Property

    Parking
    • Parking features: None
    Features
    • Levels: Three Or More
    • Stories: 3
    • Has view: Yes
    • View description: Ocean
    • Has water view: Yes
    • Water view: Ocean
    • Waterfront features: Beach Access, Ocean Access, Ocean
    Lot
    • Size: 3,902.98 Square Feet
    • Features: Park Nearby
    Details
    • Additional structures: None
    • Zoning: LARD1.5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1920

    Utilities & green energy

    • Water: District

    Community & HOA

    Community
    • Security: Security Lights, Gated
    Location
    • Region: Venice

    Financial & listing details

    • Price per square foot: $735/sqft
    • Tax assessed value: $202,605
    • Date on market: 6/16/2025
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