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$1,699,000

Est. payment - /mo

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4 Beds

4 Baths

1,870 SqFt

Active

2045 Penmar Avenue Venice, CA 90291

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Gina Biglione

gbiglione@gmail.com +1(619) 884-9555

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Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 1,870 sqft

Price per Sqft $908

MLS Listing ID SB25239782

Bedrooms 4

Full Baths 4

Year Built 1949

Lot Size 4,364 Sqft

Property Sub-Type All Other Attached

Property Description

3 out of 4 Units will be delivered VACANT! Charming 4-Unit Investment Opportunity in Prime Venice Location Built in 1949, this well-maintained 4-unit apartment building sits on a 4,364 sq ft lot and offers a total of 1,870 sq ft of living space. Each unit is a 1-bedroom, 1-bath, ideally situated on a quiet, tree-lined street in one of Venices most sought-after residential neighborhoods. Presenting immediate upside for investors or owner-users will operate at 5.22% CAP & 13.31 GRM. Recent upgrades include a new roof, approximately 90% updated plumbing, and a shared laundry room. The property also boasts two private backyards, two single-car garages with ADU potential, and three additional off-street parking spacesa rare convenience in Venice. Located just down the street from Penmar Golf Course and moments from popular cafes, restaurants, fitness studios, and top-rated schools. This high-demand location supports strong, consistent rental income and long-term appreciation potential.

Location

State CA

County Los Angeles

Zoning LARD2

Direction Heading North on Lincoln Blvd, turn right onto Marco Place. The property will be on the righthand side on the corner of Marco Pl & Penmar Ave.

Interior

Cooling Other/Remarks

Fireplace No

Exterior

Garage Spaces 2.0

View Y/N Yes

Water Access Desc Public

View Other/Remarks

Total Parking Spaces 6

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 4242006009

Acceptable Financing Cash, Conventional, Exchange, Cash To New Loan

Listing Terms Cash, Conventional, Exchange, Cash To New Loan

Special Listing Condition Standard

Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

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Gina Biglione

Agent | License ID: 02225190

+1(619) 884-9555

2045 Penmar Avenue Venice, CA 90291

Gina Biglione

Key Details

Location

Interior

Exterior

Building

Others

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2045 Penmar Avenue