Properties

Venice, CA 90291 2045 Penmar Avenue

2045 Penmar Avenue Venice, CA - Image 12045 Penmar Avenue Venice, CA - Image 22045 Penmar Avenue Venice, CA - Image 3
29 more
2045 Penmar Avenue Venice, CA - Image 42045 Penmar Avenue Venice, CA - Image 52045 Penmar Avenue Venice, CA - Image 62045 Penmar Avenue Venice, CA - Image 72045 Penmar Avenue Venice, CA - Image 82045 Penmar Avenue Venice, CA - Image 92045 Penmar Avenue Venice, CA - Image 102045 Penmar Avenue Venice, CA - Image 112045 Penmar Avenue Venice, CA - Image 122045 Penmar Avenue Venice, CA - Image 132045 Penmar Avenue Venice, CA - Image 142045 Penmar Avenue Venice, CA - Image 152045 Penmar Avenue Venice, CA - Image 162045 Penmar Avenue Venice, CA - Image 172045 Penmar Avenue Venice, CA - Image 182045 Penmar Avenue Venice, CA - Image 192045 Penmar Avenue Venice, CA - Image 202045 Penmar Avenue Venice, CA - Image 212045 Penmar Avenue Venice, CA - Image 222045 Penmar Avenue Venice, CA - Image 232045 Penmar Avenue Venice, CA - Image 242045 Penmar Avenue Venice, CA - Image 252045 Penmar Avenue Venice, CA - Image 262045 Penmar Avenue Venice, CA - Image 272045 Penmar Avenue Venice, CA - Image 282045 Penmar Avenue Venice, CA - Image 292045 Penmar Avenue Venice, CA - Image 302045 Penmar Avenue Venice, CA - Image 312045 Penmar Avenue Venice, CA - Image 322045 Penmar Avenue Venice, CA - Image 33
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.;
  • MLS# SB25239782
  • 10/14/2025
  • Get pre-approved
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 4
  • SQFT • 1,870
  • Garage • 2

Home Details

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 Veniceโ€™s most sought-after residential neighborhoods. Presenting immediate upside for investors or owner-users will operate at 6.51% CAP & 11.27 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 spacesโ€”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.
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.;

Interior Features for 2045 Penmar Avenue

Bedrooms

Main Level Bedrooms2
Total Bedrooms4

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Main Level Bathrooms2
Total Baths4

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NYes
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
Laundry FeaturesCommon Area
Total Stories2

Other Rooms

Entry Level1

General for 2045 Penmar Avenue

Additional Parcels Y/NNo
Attached Garage No
CityVenice
Community FeaturesCurbs, Gutter(s), Sidewalks, Park
CoolingSee Remarks
CountyLos Angeles
DirectionsHeading North on Lincoln Blvd, turn right onto Marco Place. The property will be on the righthand side on the corner of Marco Pl & Penmar Ave.
Entry Location1
Full Baths4
Garage Spaces2
Garage Y/NYes
HOANo
HOA Fee$
High School DistrictSanta Monica-Malibu Unified
Land Lease Y/NNo
Lease Considered Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan, Conventional, 1031 Exchange
Living Area1870
Living Area UnitsSquare Feet
Lot Size Square Feet4364
Lot Size UnitsSquare Feet
MLS AreaC11 - Venice
New ConstructionNo
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces4
Pool FeaturesNone
PostalCityVENICE
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Structure TypeQuadruplex
Tax Lot66
Year Built1949
Year Built SourceAssessor
ZoningLARD2

Exterior for 2045 Penmar Avenue

Lot Features2-5 Units/Acre, Back Yard, Corner Lot, Garden, Landscaped, Near Park, Near Public Transit
Lot Size Acres0.1002
Lot Size Area4364
Lot Size SourceAssessor
Private PoolNo
Total Parking6
Water SourcePublic

Additional Details

Price History

Schools

Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,990,000
MLS#SB25239782
List Date 10/14/2025
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
Visit My Website

Similar Properties to 2045 Penmar Avenue

Contact Us

info@connectrealty.com
2170 Buckthorne PL. #100
The Woodlands, TX 77380
866-938-0924
  • This field is for validation purposes and should be left unchanged.