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Venice Multifamily Asset with Upside

2001 Penmar Ave, Venice, CA 90291

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For Sale

$4,995,000

MULTI_FAMILY - Venice, CA

Property size:

9,532 SF

Lot size:

0.24 Acres

Price / SF:

$524/SF

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.
10 of 14 units fully renovated with high‑end finishes.
Excellent unit mix of studio, 1‑bedroom, and 2‑bedroom units, many with private patios.
Located moments from Abbot Kinney Boulevard, Rose Avenue, Venice Beach, and Santa Monica.

We can help!

Listing Contact

Jonathan Taksa

For Sale

$4,995,000

MULTI_FAMILY - Venice, CA

Property size:

9,532 SF

Lot size:

0.24 Acres

Price / SF:

$524/SF

Added:: Apr 28, 2026
Days on Market:: 51
Last Refresh:: Jun 17 at 4:06 pm

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

We can help!

Listing Contact

Jonathan Taksa

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

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.
10 of 14 units fully renovated with high‑end finishes.
Excellent unit mix of studio, 1‑bedroom, and 2‑bedroom units, many with private patios.
Located moments from Abbot Kinney Boulevard, Rose Avenue, Venice Beach, and Santa Monica.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Venice
County: Los Angeles
State: California
Longitude: -118.455273
Latitude: 33.999914

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For sale
Apartment buildings
CA
Venice
90291
2001 Penmar Ave

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.

2001 Penmar Ave, Venice, CA 90291

MULTI_FAMILY - Venice, CA

Property Features for 2001 Penmar Ave

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

4-Plex Income Property with Studios

Updated Venice Triplex with Income

Venice Multifamily Investment Opportunity

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Venice Triplex with Income Potential

Luxury 5-Unit Multifamily on Canals

Venice Triplex Near the Beach

Venice Duplex: Prime Location

Canal-Facing Duplex with Rooftop Deck

Venice Corner Lot Multifamily Property

Venice Multi-Unit Compound with Views

Iconic Venice Vanguard Lofts Compound

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