2045 Penmar Avenue, Venice, CA 90291

Local realty services provided by:ERA North Orange County Real Estate
2045 Penmar Avenue,Venice, CA 90291
$1,699,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:cameron samimi
Office:lyon stahl investment real estate, inc.
MLS#:SB25239794
Source:CAREIL

Price summary

  • Price:$1,699,000

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 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

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Home facts

  • Year built:1949
  • Listing ID #:SB25239794
  • Added:3 day(s) ago
  • Updated:October 18, 2025 at 04:36 PM

Structure and exterior

  • Year built:1949
  • Lot area:0.1 Acres

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$1,699,000
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