2001 Penmar Avenue, Venice, CA 90291
Local realty services provided by:ERA North Orange County Real Estate
2001 Penmar Avenue,Venice, CA 90291
$4,995,000
- 20 Beds
- 17 Baths
- 9,532 sq. ft.
- Multi-family
- Active
Listed by: jonathan taksa
Office: remax commercial and investment realty213-817-1000
MLS#:26818379
Source:CRMLS
Price summary
- Price:$4,995,000
- Price per sq. ft.:$524.02
About this home
2001 Penmar Avenue is a turnkey 14-unit multifamily asset located on a quiet, tree-lined corner in the heart of Venice one of the most desirable and dynamic rental markets in Los Angeles. Situated at the intersection of Penmar and Superba Avenue, this pride of-ownership building features an exceptional unit mix, luxury renovations, newly constructed ADUs, and strong in-place income with significant rental upside. The property is nestled on a peaceful residential corner, yet moments from Abbot Kinney Boulevard, Rose Avenue, Venice Beach, and Santa Monica. There is an excellent unit mix with a diverse mix of bright and spacious studio, 1-bedroom, and 2-bedroom units, many with large private patios. 10 of 14 units have been fully renovated with high-end finishes. Features include new flooring, designer kitchens and bathrooms, custom cabinetry, split A/C systems, and in-unit washer/dryers in select units. In addition, three brand-new ADUs (Accessory Dwelling Units) two attached and one detached offer modern layouts and strong rent potential. There is still considerable rental upside as many units remain significantly below market rents, offering near-term income growth. Venice is one of the most culturally iconic and forward-looking communities in California. Known for its vibrant arts scene, tech adjacent economy ("Silicon Beach"), and beach lifestyle, Venice consistently ranks among the highest-demand rental submarkets in the region. Santa Monica, just minutes away, is a world-class coastal city renowned for its pristine beaches, upscale shopping, booming business district, and institutions like Santa Monica College and Providence Saint John's Health Center. Its proximity to the property enhances long-term value and draws a broad tenant base. 2001 Penmar Avenue offers investors the rare chance to acquire a beautifully upgraded, income-producing asset in one of the tightest supply zones in Los Angeles. With completed capital improvements, new construction ADUs, and clear rental upside in a high-demand submarket, this asset is perfectly positioned for stable cash flow and long-term appreciation. **** LOAN MUST BE ASSUMED, INQUIRE FOR DETAILS *****...
Contact an agent
Home facts
- Year built:1962
- Listing ID #:26818379
- Added:56 day(s) ago
- Updated:June 24, 2026 at 10:56 AM
Rooms and interior
- Bedrooms:20
- Total bathrooms:17
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator
- Living area:9,532 sq. ft.
Heating and cooling
- Heating:Combination
Structure and exterior
- Year built:1962
- Building area:9,532 sq. ft.
- Lot area:0.24 Acres
- Levels:1 Story
Finances and disclosures
- Price:$4,995,000
- Price per sq. ft.:$524.02
Features and amenities
- Appliances:Dishwasher, Disposal
- Laundry features:Stacked
Parking
- Parking description:Assigned
New listings near 2001 Penmar Avenue
- Open Tue, 11am to 1:30pmNew
$1,895,000Active3 beds 3 baths2,029 sq. ft.690 Harbor Street #4, Venice, CA 90291
MLS# PV26135755Listed by: ESTATE PROPERTIES - New
$4,415,000Active4 beds 5 baths3,240 sq. ft.1531 Glencoe Avenue, Venice, CA 90291
MLS# 26848313Listed by: THOMAS JAMES REAL ESTATE SERVICES, INC - Open Sat, 11am to 2pmNew
$2,829,000Active3 beds 4 baths2,395 sq. ft.647 Mildred Avenue, Venice, CA 90291
MLS# 26850249Listed by: COMPASS - New
$3,995,000Active3 beds 4 baths2,554 sq. ft.738 Superba Avenue, Venice, CA 90291
MLS# 26850241Listed by: DOUGLAS ELLIMAN - New
$2,449,000Active4 beds 3 baths2,200 sq. ft.818 Palms Boulevard, Venice, CA 90291
MLS# 26846999Listed by: PARDEE PROPERTIES - Open Sat, 1 to 3pmNew
$1,699,000Active3 beds 3 baths1,812 sq. ft.535 Venice Way, Los Angeles, CA 90291
MLS# 26849057Listed by: COMPASS - New
$1,995,000Active4 beds 5 baths2,672 sq. ft.34 Dudley Avenue, Venice, CA 90291
MLS# 26849565Listed by: J. D. REALTY COMPANY - New
$1,875,000Active4 beds 4 baths3,794 sq. ft.41 Horizon Street, Pacific Beach, WA 98571
MLS# 2542365Listed by: COASTAL COLLECTIVE REAL ESTATE - Open Sat, 1:30 to 4:30pmNew
$2,899,000Active3 beds 4 baths2,238 sq. ft.719 Nowita Place, Venice, CA 90291
MLS# 26848247Listed by: LA REAL - New
$2,000,000Active2 beds 1 baths882 sq. ft.727 Amoroso Place, Venice, CA 90291
MLS# 26847777Listed by: COMPASS