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About the Listing sb1310620 - SBSAMICAM,SBFIRSMOL
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 potential.
Listing Highlights for 2045 Penmar Ave
Status
Active
Days on Site
10
Property Type
Multi-Family
MLS ®
SB25239794
Year Built
1949
Total Square Footage
1,870
Lot/Acreage
0.1
County
Los Angeles
Area
C11 - Venice
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances:
- Air Cond: See Remarks
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 2-5 Units/Acre,Back Yard,Corner Lot,Garden,Landscaped,Near Public Transit,Park Nearby,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 6
- Zoning: LARD2
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4242006009
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
2045 Penmar Ave Venice, CA 90291
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