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Venice Multifamily Asset with Upside

2001 Penmar Ave Venice, CA 90291

Claim this Listing
For Sale
$4,995,000

MULTI_FAMILY - Venice, CA

Property size:
9,532 SF
Lot size:
0.24 Acres
Price / SF:
$524.02/SF
Added:
Apr 28, 2026
Days on Market:
78
Last Refresh:
Jul 14 at 9:06 am

Property Features for 2001 Penmar Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
LARD3
Bedrooms
20
Bathrooms
17
Rooms
Bathroom 14, Bedroom 7, Bedroom 1, Bathroom 12, Bathroom 4, Bedroom 19, Bedroom 5, Bathroom 2, Bedroom 16, Bedroom 4, Bedroom 9, Bedroom 2, Bedroom 15, Bedroom 8, Bedroom 20, Bathroom 7, Bathroom 9, Bathroom 17, Bedroom 10, Bedroom 6, Bathroom 13, Bedroom 12, Bathroom 10, Bedroom 18, Bathroom 1, Bathroom 6, Bathroom 3, Bedroom 14, Bathroom 11, Bathroom 5, Bedroom 17, Bedroom 3, Bedroom 11, Bathroom 8, Bathroom 16, Bathroom 15, Bedroom 13
Parking features
Assigned
Standard status
Active
APN
4242-009-011
Size
9,532 SF
Lot size
0.24 Acres

Utilities

Cooling system
Wall Unit(s)

Building Details

Year built
1962
Floors in Building
2
Number of units
14

Listing agent Jonathan Taksa License #01366169

Listing office Remax Commercial and Investment Realty 99 S Lake Ave., Torrance, CA

Listing date Apr 28, 2026

MLS# 26818379 Listing URL

Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

Located in the heart of Venice, California, 2001 Penmar Avenue is a 14-unit multifamily property situated on a tree-lined corner. The property features an exceptional unit mix and strong in-place income with rental upside. The building is located moments from Abbot Kinney Boulevard, Rose Avenue, Venice Beach, and Santa Monica. The unit mix includes studio, 1-bedroom, and 2-bedroom units, many with large private patios. Ten of the fourteen units have been fully renovated with new flooring, designer kitchens and bathrooms, custom cabinetry, and split A/C systems. Select units include in-unit washer/dryers. In addition, there are three new Accessory Dwelling Units (ADUs), two attached and one detached. The property is located in Venice, known for its arts scene and proximity to Santa Monica. Santa Monica is known for its beaches, shopping, business district, and institutions like Santa Monica College and Providence Saint John's Health Center. The property is positioned for cash flow and long-term appreciation. The lot size is 0.2381 acres and the property size is 9532 square feet. The zoning is LARD3.

Key Highlights

  • Turnkey 14‑unit multifamily asset in highly desirable Venice location.
  • Significant rental upside due to below‑market rents in many units.
  • Three newly constructed Accessory Dwelling Units (ADUs) for additional income.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Dental Office Barber Shop (Bike/Boat/Book/etc) Store Nursing Home Nursing Home (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher Grocery & Convenience Store Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Turnkey 14-unit multifamily property in a desirable Venice location.
Where is this apartment building located?
The property is located at 2001 Penmar Ave Venice, CA.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Turnkey 14‑unit multifamily asset in highly desirable Venice location.; Significant rental upside due to below‑market rents in many units.; Three newly constructed Accessory Dwelling Units (ADUs) for additional income.
Contact an agent
More about this property
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