Date
Details
Price
Change
Source
10/14/2025
Listed
$1,699,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/34
$1,699,000
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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.
Full Property Details
Full Property Details for 2045 Penmar Ave
General
- Price: $1,699,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SB25239782
- Updated: 10/24/2025
- Days on Market: 94 days
- Added to Site: 94 day(s) ago
Interior
- Rooms/Areas: See Remarks
- Fireplace(s): None
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Los Angeles
- Driving Directions: Heading 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.
School Information
- School District: Santa Monica-Malibu Unified
Community
- Community Features: Curbs, Gutters, Sidewalks
Heating & Cooling
- Cooling Type: See Remarks
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Quadruplex
- Common Walls: 2 Common Walls (or More)
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 1,870
- Sq. Ft. Source: Assessor
- Year Built: 1949
- Year Built Source: Assessor
Lot Features
- Property View: See Remarks
- Lot Size (Acres): 0.1002
- Lot Size (Sq. Ft.): 4,364
- Lot Size Source: Assessor
- Zoning: LARD2
- Lot Description: 2-5 Units/Acre, Back Yard, Corner Lot, Garden, Landscaped, Near Public Transit, Park Nearby
Financial Considerations
- Price Per Sq. Ft.: $908.56
Disclosures and Reports
- Special Conditions: Standard
Listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi and Lyon Stahl Investment Real Estate, Inc., Molly First
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 2045 Penmar Ave —
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Molly First
Lyon Stahl Investment Real Estate, Inc.
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 2045 Penmar Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Walgrove Avenue Elementary School 1630 Walgrove Avenue, Los Angeles, CA 90066 | K-5 | 0.5 mi |
Mark Twain Middle School and World Languages Magnet 2224 Walgrove Avenue, Los Angeles, CA 90066 | 6-8 | 0.6 mi |
Venice Senior High School 13000 Venice Boulevard, Los Angeles, CA 90066 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2045 Penmar Ave
Estimate the Cost
Estimate the Cost for 2045 Penmar Ave
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2045 Penmar Avenue, Venice, CA 90291 (MLS# SB25239782) is a Multi-Family property with units containing 4 bedrooms and 4 full bathrooms. 2045 Penmar Avenue is currently listed for $1,699,000 and was received on October 14, 2025. Want to learn more about 2045 Penmar Avenue? Do you have questions about finding other Multi-Family real estate for sale in Venice? You can browse all Venice real estate or contact a Coldwell Banker agent to request more information.