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USACAVenice45 Paloma Ave
45 Paloma Ave, Home with 5 bedrooms, 8 bathrooms and null parking in Venice CA | Image 1
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$2,900,000

45 Paloma Ave, Venice, CA

Real Estate

For Sale

$--,---,---
580
  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 3944 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 0
Approx. Age 1920
Avg. Price Per Sqft $735
MLS® Number 25553113

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Paloma Realty Partners is proud to present 45 Paloma Avenue, an 8-unit value-add multifamily opportunity located just blocks 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 theVenice 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.Show Description
MLS® Number25553113
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area
Exposure
Exterior
GarageNo
Approx. Age1920
Stories3
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/CNone
Heating Fuel

Extras

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