2045 Penmar Avenue, Venice, CA, US, 90291
2045 Penmar Avenue, Venice, CA, US, 90291Basics
- Date added: Added 8 months ago
- Category: Residential
- Type: Quadruplex
- Status: Active
- Bedrooms: 4
- Bathrooms: 4
- Area: 1870 sq ft
- Lot size: 4364, 4364 sq ft
- Year built: 1949
- Zoning: LARD2
- County: Los Angeles
- MLS ID: SB25239782
Description
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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 6.51% CAP & 11.27 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.
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Location
- Directions: 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.
- Lot Size Acres: 0.1002 acres
Building Details
- Structure Type: Quadruplex
- Water Source: Public
- Lot Features: TwoToFiveUnitsAcre,BackYard,CornerLot,Garden,Landscaped,NearPark,NearPublicTransit
- Open Parking Spaces: 4
- Sewer: PublicSewer
- Common Walls: TwoCommonWallsOrMore
- Garage Spaces: 2
- Levels: Two
Amenities & Features
- Pool Features: None
- Parking Total: 6
- Cooling: SeeRemarks
- Fireplace Features: None
- Laundry Features: CommonArea
Nearby Schools
- High School District: Santa Monica-Malibu Unified
Expenses, Fees & Taxes
- Association Fee: 0
Agent info
- Agent name: Cameron Samimi
- Agent MLS: SBSAMICAM
- Agent email: cameron@lyonstahl.com
- Agent officephone: 310-425-9838
Miscellaneous
- List Office Name: Lyon Stahl Investment Real Estate, Inc.
- Listing Terms: Cash,CashToNewLoan,Conventional,Exchange1031
- Common Interest: None
- Community Features: Curbs,Gutters,Sidewalks,Park
