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… Read More 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. Read Less
Courtesy of Paloma Realty Partners, Inc. 310-392-2436
Listing Snapshot
Days Online
16
Last Updated
Property Type
Other
Beds
5
Square Ft.
3,944
Lot Size
0.09 Acres
Year Built
1920
MLS Number
25553113
30 Days Snapshot Of 90291
$3.16M
+17%
(avg) sold price
18
-5%
homes sold
70
+22%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven, Dryer, Washer
Building
3,944 sq ft, Built in 1920, Levels: Three Or More
Cooling
None
Disclosures
None
Garage
None
Water Features
Water: District
Heating
Floor
Laundry
Community
Lot
LotAcreage: 0.0896, LotSizeArea: 3,901, Beach Access, Ocean Access, Park Nearby
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