2045 Penmar Avenue

Venice , CA 90291

MLS#: SB25239782

$1,699,000

Status: Active
Listing number: SB25239782
Listing provided by: Lyon Stahl Investment Real Estate, Inc.
Listing agent phone: None
Last update: 5 days ago
On site: 15 days ago
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Property

Beds

4

Full Baths

4

1/2 Baths

None

Year Built

1949

Sq.Footage

1,870

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.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    4

  • Cooling YN

    YES

  • Cooling

    N/A

  • Fireplace YN

    NO

  • Main Level Bedrooms

    2

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Other Exterior Features

    Garden

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Features

    Back Yard, Corner Lot, Garden, Landscaped, Near Public Transit

  • Lot Size(acres)

    0.1002

  • Property Type

    Residential

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $1,699,000

  • Sq. Footage

    1, 870

  • Price/SqFt

    $908

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    66

  • Water Source

    Public

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Listing Courtesy of Cameron Samimi , Lyon Stahl Investment Real Estate, Inc.

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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.

2045 Penmar Avenue

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