Properties

Venice, CA 90291 2045 Penmar Avenue

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Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.;
  • MLS# SB25239794
  • 10/14/2025
  • Get pre-approved
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  • Baths • 1
  • 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

Other Interior Features

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 Description4242005015
Additional Parcels Y/NYes
Building Area UnitsSquare Feet
Cap Rate5.22
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.
Electric Expense
Entry Location1
Fuel Expense
Garage Spaces2
Garage Y/NYes
Gross Income121228
HOANo
HOA Fee$
Insurance Expense2338
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan, Conventional, 1031 Exchange
Lot Size Square Feet4364
Lot Size UnitsSquare Feet
MLS AreaC11 - Venice
Net Operating Income88653
New ConstructionNo
Number Of Units Total4
Open Parking Spaces4
Operating Expense32575
Pool FeaturesNone
PostalCityVENICE
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot66
Trash Expense0
Water Sewer Expense0
Year Built1949
Year Built SourceAssessor
ZoningLARD2

Exterior for 2045 Penmar Avenue

Building Area Total1870
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
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters0
Number of Separate Water Meters0
Private PoolNo
Total Parking6
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,990,000
MLS#SB25239794
List Date 10/14/2025
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
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