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: SB25239794
- Updated: 10/20/2025
- Days on Market: 94 days
- Added to Site: 94 day(s) ago
Interior
- Rooms/Areas: See Remarks
- Fireplace(s): None
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 2
Location
- Area: C11 - Venice
- County: Los Angeles
- Development Name: C11 - Venice
- 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.
Heating & Cooling
- Cooling Type: See Remarks
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 1,870
- Year Built: 1949
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
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
- Price Per Unit: 424750
Listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi and Lyon Stahl Investment Real Estate, Inc., Molly First
We Value Your Privacy
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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# SB25239794) is a Multi-Family property with 4 units containing 0 bedrooms and 0 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.