2045 Penmar Ave Venice, CA 90291
Charming 4-unit property in prime Venice location with upside potential.
Lot size:
0.10 AcresProperty Features for 2045 Penmar Ave
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.10 Acres
Building Details
- Year built
- 1949
Source:
Elliman
Listing 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. The property offers a total of 1,870 sq ft of living space. Each of the four units features one bedroom and one bathroom. Located on a quiet, tree-lined street in a desirable Venice neighborhood, the property presents an investment opportunity with immediate upside. Three out of the four units will be delivered vacant. The property is operating at a 6.51% CAP rate and an 11.27 GRM. Recent upgrades include a new roof and approximately 90% updated plumbing. A shared laundry room is available for tenants. The property includes two private backyards, two single-car garages with ADU potential, and three additional off-street parking spaces. The location is near Penmar Golf Course and various cafes, restaurants, fitness studios, and top-rated schools. This high-demand location supports consistent rental income and long-term appreciation potential.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Venice
- County
- Los Angeles
- State
- California
- Longitude
- -118.45448
- Latitude
- 33.99901
Nearby Similar for Sale
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 $1,684,000.
What are key features of this property?
This property features: - 3 out of 4 units delivered vacant, offering immediate upside.; - Prime Venice location near Penmar Golf Course, cafes, restaurants, and top-rated schools.; - Attractive investment opportunity with a 6.51% CAP rate and 11.27 GRM.
