Status: ACTIVE
2045 Penmar Ave
Venice, CA 90291
$1,699,000
------/mo*
Calculate3 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.
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- Bedrooms
- 4
- Baths
- 4
- House Size
- 1,870 sqft
- Year Built
- 1949
- Lot Size
- 0.1 ac
Location
Buy a new home knowing you’ll sell your current one. Orchard guarantees your home will sell, so you can buy your next one worry-free.
Get StartedProperty Information
- community
- Curbs
- Sidewalks
- lot
- Corner Lot
- sewer
- Public Sewer
- water source
- Public
- Listed By Cameron Samimi
- cameron@lyonstahl.com
- Lyon Stahl Investment Real Estate, Inc.
- (310) 425-9838
- MLS SB25239782
Monthly Payments Calculator
Estimated Monthly Cost
$10,668
30 year fixed·6.9% interest rate
- Principal & Interest
- $8,952
- Property Taxes
- $1,416
- Home Insurance
- $300
- HOA Fees
- $0
*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
