45 Paloma Ave - Multi-Family FOR SALE


Venice, CA 90291
$2,900,000 USD
310-392-2436
45 Paloma Ave, Venice, CA for Sale
$2,900,000 USD
Multi-Family - FOR SALE
1/10
null | 5.05% Cap Rate

45 Paloma Ave
Venice, CA 90291


HIGHLIGHTS

  • Seller financing available
  • Potential to add an ADU
  • Property fully updated in 2012 — plumbing, electrical, and roof
  • Owners unit, three story with rooftop deck & views
  • $362,500 / door

OVERVIEW

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 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 roofdeck 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.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$735 USD /SF

# OF UNITS

8

PRICE/UNIT

$362,500

CAP RATE

5.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RD1.5-1

APN/PARCEL ID

4286-021-020

ASK ABOUT THIS PROPERTY

Oliver FriesPaloma Realty PartnersMore Info
310-392-2436

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Oliver FriesPaloma Realty PartnersMore Info
310-392-2436

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.