2045 Penmar Ave - Multi-Family FOR SALE


Venice, CA 90291
$1,699,000 USD
310-259-7556
2045 Penmar Ave, Venice, CA for Sale
$1,699,000 USD
Multi-Family - FOR SALE
1/35
null | 5.22% Cap Rate

2045 Penmar Ave
Venice, CA 90291


HIGHLIGHTS

  • Corner Lot | 4-Unit in Prime Venice Beach
  • 3 Units will be delivered Vacant!
  • Comprised of (4) 1-Bed/1-Bath Units
  • Property features new roof, 90% updated plumbing, a shared laundry room, and two private backyards.
  • Two Single-Car Garages with ADU Potential, plus 4 additional parking spots

OVERVIEW

CORNER LOT ! 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.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$909 USD /SF

# OF UNITS

4

PRICE/UNIT

$424,750

CAP RATE

5.22%

% LEASED

20%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Penmar Ave /Marco Pl

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,364 SF

ZONING

LARD2

APN/PARCEL ID

4242-006-009

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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