2045 Penmar Avenue, Venice, CA 90291

• 4 beds |
• 4 baths |
• 1,870 sqft

Property Description

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 Venice’s most sought-after residential neighborhoods. Presenting immediate upside for investors or owner-users will operate at 5.22% CAP & 13.31 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 spaces—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.

Listing Status:

Active

Date Added:

October 14, 2025 at 05:00AM

Listing Office:

Lyon Stahl Investment Real Estate, Inc. : 310-425-9838

Listing Agent:

Cameron Samimi : 310-425-9838

MLS ID:

SB25239782

Interior

• Laundry: Common Area
• A/C: See Remarks
• Fireplace: None

Exterior

• Pool: None
• Parking: Parking spaces: 6

Construction

• General: 2

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRM
• School District: Santa Monica-Malibu Unified
• County: Los Angeles

Lot

• Zoning: LARD24242006009
• View: View

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM

This listing courtesy of Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.