




$1,684,000
Est. $9,430/mo2045 Penmar Avenue, Venice, CA 90291
About this home
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 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 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.
infoProperty Facts
Bedrooms
4
Bathrooms
4
Square Feet
1,870
Lot Size
4,364 sqft
Year Built
1949
Property Type
Quadruplex
Days on Market
108
HOA Fee
N/A
Garage Total
2
MLS #
SB25239782
chairInterior Details
Kitchen & Appliances
Laundry
Common Area
Bed & Bath
Main Level Bedrooms
2
Main Level Bathrooms
2
Climate Control
Cooling
See Remarks
garageParking
Total Parking Spaces
6
Garage Spaces
2
Open Parking Spaces
4
deckExterior & Lot
Lot & Grounds
Lot Features
Two To Five Units Acre, Back Yard, Corner Lot, Garden, Landscaped, Near Park, Near Public Transit
Sewer
Public Sewer
Water Source
Public
diversity_3Community & HOA
Association Info
Community Features
Curbs, Gutters, Sidewalks, Park
Mortgage Calculator
$0
Nearby Schools
| Rating | School Name |
|---|---|
9 | GreatSchools High (Demo) public School • ratio 22:1 |
7 | Valley View Elementary (Demo) public School • ratio 18:1 |
6 | Lincoln Middle School (Demo) public School • ratio 20:1 |
NR | St. Mary Example Academy (Demo) private School • ratio 12:1 |
Walkability
Market Insights
Estimated Value
Market Temperature
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
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