La Paloma Theatre, located on South Coast Highway 101 near the Encinitas sign, is a a favorite of regional movie and…More theater buffs. This location is full of history and it's been in the same location since 1928.</p> <p>La Paloma features many underground and independent films not available in multiplexes. It also hosts concerts, with past performers including Eddie Vedder and Ralph Stanley. One local event happens every Friday night at midnight: a theater performance of <em>The Rocky Horror Picture Show</em>.</p>