2045 Penmar Avenue, Venice, CA 90291

Venice
Local realty services provided by:ERA North Orange County Real Estate
2045 Penmar Avenue,Venice, CA 90291
$1,990,000
  • 4 Beds
  • 4 Baths
  • 1,870 sq. ft.
  • Single family
  • Active
Listed by: cameron samimi, molly first
Office: lyon stahl investment real estate, inc.
MLS#:SB25239782
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,990,000
  • Price per sq. ft.:$1,064.17

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 Venices 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 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.

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Home facts

  • Year built:1949
  • Listing ID #:SB25239782
  • Added:163 day(s) ago
  • Updated:March 27, 2026 at 02:12 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:1,870 sq. ft.

Structure and exterior

  • Year built:1949
  • Building area:1,870 sq. ft.
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,990,000
  • Price per sq. ft.:$1,064.17

Parking

  • Total parking spaces:6
  • Garage spaces:2
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