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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$ 1,699,000
Est. payment /mo
Active
2045 Penmar AVE Venice, CA 90291
4 Beds
4 Baths
1,870 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,870 sqft
Price per Sqft $908
MLS Listing ID CRSB25239782
Bedrooms 4
Full Baths 4
Year Built 1949
Lot Size 4,364 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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 Venice's 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 spaces-a 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
Area C11 - Venice
Zoning LARD2
Interior
Cooling Other
Fireplaces Type None
Laundry Laundry Area
Exterior
Garage Spaces 2.0
Pool None
View Other
Building
Water District - Public
Others
Tax ID 4242006009
Special Listing Condition Not Applicable
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