2200 Penmar Ave - Multi-Family FOR SALE


Venice, CA 90291
$1,495,000 USD
818-212-2784
2200 Penmar Ave, Venice, CA for Sale
$1,495,000 USD
Multi-Family - FOR SALE
1/11
null | 4.13% Cap Rate

2200 Penmar Ave
Venice, CA 90291


HIGHLIGHTS

  • Prime Venice Location
  • Proximity to Top Attractions
  • Highly Walkable & Connected
  • Desirable Tenant Amenities
  • Pride of Ownership Asset
  • Value-Add Opportunity

OVERVIEW

The Sterman Multi-Family Group of Marcus & Millichap, in partnership with Michael Kamara of Lyon Stahl, is proud to present 2200 Penmar Ave—a charming 3-unit apartment building located in the heart of Venice, one of Los Angeles’ most desirable coastal neighborhoods. Built in 1949, the property features (2) one-bedroom/one-bath units and (1) two-bedroom/one-bath unit, totaling approximately 2,054 square feet of rentable space on a 4,545 square foot lot. All units are equipped with in-unit washer and dryers, providing added convenience and appeal to tenants. Additionally, two of the units come with their own private garage parking and outdoor patios—ideal for enjoying the Venice beach lifestyle. Tucked away on a quiet residential street, 2200 Penmar offers tenants the perfect blend of tranquility and accessibility. Just minutes from the iconic Abbot Kinney Boulevard, Venice Beach, and a wide array of shopping, dining, and entertainment options, the location is second to none. Easy access to Lincoln Blvd, Venice Blvd, and major freeways ensures smooth connectivity to Santa Monica, Culver City, and beyond.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$728 USD /SF

# OF UNITS

3

PRICE/UNIT

$498,333

CAP RATE

4.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

4242-029-017

ASK ABOUT THIS PROPERTY

Michael StermanMarcus & MillichapMore Info
818-212-2784

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Michael StermanMarcus & MillichapMore Info
818-212-2784

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