2045 Penmar Avenue Active Save Request In-Person Tour Request Virtual Tour
Venice,CA 90291
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
Type of Financing Cash,Conventional,Exchange,Cash To New Loan
Property 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