2001 Penmar Ave - Apartments FOR SALE


Venice, CA 90291
$5,250,000 USD
310-968-5303
2001 Penmar Ave, Venice, CA for Sale
$5,250,000 USD
Apartments - FOR SALE
1/75
null | 5.76% Cap Rate

2001 Penmar Ave
Venice, CA 90291


HIGHLIGHTS

  • Prime Venice location on a quiet, tree-lined corner at Penmar & Superba Avenue
  • 14 total units with an ideal mix of studios, 1-bedroom, and 2-bedroom floor plans
  • 10 of 14 units fully renovated with high-end finishes and luxury features:
  • Three newly constructed ADUs (Accessory Dwelling Units): 2 attached + 1 detached
  • Turnkey asset with major capital improvements completed—minimal deferred maintenance
  • Located in one of Los Angeles’ highest-demand coastal submarkets with low vacancy

OVERVIEW

Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present 2001 Penmar Avenue, a turnkey 14-unit multifamily asset located on a quiet, tree-lined corner in the heart of Venice—one of the most desirable and dynamic rental markets in Los Angeles. Situated at the intersection of Penmar and Superba Avenue, this pride of-ownership building features an exceptional unit mix, luxury renovations, newly constructed ADUs, and strong in-place income with significant rental upside. Prime Venice Location: Nestled on a peaceful residential corner, yet moments from Abbot Kinney Boulevard, Rose Avenue, Venice Beach, and Santa Monica. • Excellent Unit Mix: A diverse mix of bright and spacious studio, 1-bedroom, and 2-bedroom units, many with large private patios. • Luxury Renovations: 10 of 14 units fully renovated with high-end finishes. Features include new flooring, designer kitchens and bathrooms, custom cabinetry, split A/C systems, and in-unit washer/dryers in select units. • New Construction: Three brand-new ADUs (Accessory Dwelling Units)—two attached and one detached—offer modern layouts and strong rent potential. • Natural Light: Units are flooded with sunlight, enhancing the livability and tenant appeal. • Rental Upside: Many units remain significantly below market rents, offering near-term income growth. Location Benefits – Venice & Santa Monica Venice is one of the most culturally iconic and forward-looking communities in California. Known for its vibrant arts scene, techadjacent economy (“Silicon Beach”), and beach lifestyle, Venice consistently ranks among the highest-demand rental submarkets in the region. Santa Monica, just minutes away, is a world-class coastal city renowned for its pristine beaches, upscale shopping, booming business district, and institutions like Santa Monica College and Providence Saint John’s Health Center. Its proximity to the property enhances long-term value and draws a broad tenant base. Investment Opportunity. 2001 Penmar Avenue offers investors the rare chance to acquire a beautifully upgraded, income-producing asset in one of the tightest supply zones in Los Angeles. With completed capital improvements, new construction ADUs, and clear rental upside in a high-demand submarket, this asset is perfectly positioned for stable cash flow and long-term appreciation.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$703 USD /SF

# OF UNITS

14

PRICE/UNIT

$375,000

CAP RATE

5.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Penmar 14: Recently Renovated in A+ Location

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

4242-009-011

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.