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    2045 Penmar Ave Venice, CA 90291

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    For Sale
    $1,699,000

    Charming 4-unit property in prime Venice location with upside potential.

    Lot size:
    0.10 Acres

    Property Features for 2045 Penmar Ave

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1949

    Source: Lyon Stahl Investment Real Estate, Inc. Agent Cameron Samimi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Venice Multifamily Investment Opportunity

    This well-maintained 4-unit apartment building, constructed in 1949, is situated on a 4,364 sq ft lot and provides 1,870 sq ft of living space. Each unit features one bedroom and one bathroom. Located on a quiet, tree-lined street in a sought-after residential neighborhood of Venice, the property presents an investment opportunity with immediate upside. The property includes a new roof and approximately 90% updated plumbing. A shared laundry room is available for tenants. The property also features two private backyards, two single-car garages with potential for Accessory Dwelling Unit (ADU) conversion, and three additional off-street parking spaces. The location is near Penmar Golf Course and various cafes, restaurants, fitness studios, and top-rated schools. Three out of the four units will be delivered vacant.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Los Angeles
    State
    California
    Longitude
    -118.45448
    Latitude
    33.99901

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    FAQs

    What type of property is this?
    Quadplex - Charming 4-unit property in prime Venice location with upside potential.
    Where is this quadplex located?
    The property is located at 2045 Penmar Ave Venice, CA.
    What is the asking price?
    The asking price for this property is $1,699,000.
    What are key features of this property?
    This property features: - 3 of 4 units delivered vacant, offering immediate upside for investors or owner-users.; - Prime Venice location near Penmar Golf Course, cafes, restaurants, and top-rated schools.; - Strong investment opportunity with a 5.22% CAP rate and 13.31 GRM.
    (310) 425-9838
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    Venice, CA 90291
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2045 Penmar Ave Venice, CA 90291
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