2045 Penmar Avenue, Venice, CA 90291

Venice
Local realty services provided by:ERA Excel Realty
2045 Penmar Avenue,Venice, CA 90291
$1,666,000
  • - Beds
  • - Baths
  • 1,870 sq. ft.
  • Multi-family
  • Active
Listed by: cameron samimi, molly first
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB25239794
Source:CRMLS

Price summary

  • Price:$1,666,000
  • Price per sq. ft.:$890.91

About this home

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 7.73% CAP & 11.15 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...

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Home facts

  • Year built:1949
  • Listing ID #:SB25239794
  • Added:203 day(s) ago
  • Updated:April 23, 2026 at 01:18 PM

Rooms and interior

  • Living area:1,870 sq. ft.

Structure and exterior

  • Year built:1949
  • Building area:1,870 sq. ft.
  • Lot area:0.1 Acres
  • Lot Features:Back Yard, Corner Lot, Garden, Landscaped, Near Park, Near Public Transportatn
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,666,000
  • Price per sq. ft.:$890.91

Features and amenities

  • Laundry features:Common Area

Parking

  • Total parking spaces:6
  • Garage:Yes
  • Garage spaces:2
Based on information from California Regional Multiple Listing Service, Inc. as of May 6, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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