45 Paloma Avenue, Venice, CA 90291 - Berkshire Hathaway HomeServices California Properties
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45 Paloma Avenue, Venice, CA 90291

$2,900,000 Approx. USD 5 beds, 8 baths
3,944 sqft
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Listing Agent


Oliver Fries | oliver@palomarealtypartners.com
Lic#: 01891656
Broker: Courtesy of Paloma Realty Partners, Inc.

Co Listing Agent


Adam Kanizo | ak@palomarealtypartners.com
Lic#: 02008361
Broker: Courtesy of Paloma Realty Partners, Inc.

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25553113
Price: $2,900,000
Beds: 5
Baths: 8
Built in 1920
3,944 sqft
0.09 acres
Lot size: 0.0896
County: Los Angeles
Zoning: LARD1.5
Appliances: Dryer,Washer
Parking description: None
Heating/cooling: None
MLS area: C11 - Venice

Last Updated: 6/24/2025

 Days On Market (DOM): 27

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This listing belongs to the C11 - Venice MLS area

Lat/Long: 33.994258, -118.478141.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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