2001 Penmar Avenue

Venice, CA 90291

  • 20 Bed(s)
  • 0 Bath(s)
  • 9,532 Sqft
  • 10367
    Sqft(Lot)
$5,250,000

Description

2001 penmar avenue is a turnkey 14-unit multifamily asset located on a quiet, tree-lined corner in the heart of venice, one of the most desirable and dynamic rental markets in los angeles. situated at the intersection of penmar and superba avenue, this pride-of-ownership building features an exceptional unit mix, luxury renovations, newly constructed adus, and strong in-place income with significant rental upside. property highlights * prime venice location: nestled on a peaceful residential corner, yet moments from abbot kinney boulevard, rose avenue, venicebeach, and santa monica.* excellent unit mix: a diverse mix of bright and spacious studio, 1-bedroom, and 2-bedroom units, many with large private patios. * luxury renovations: 10 of 14 units fully renovated with high-end finishes. features include new flooring, designer kitchens and bathrooms, custom cabinetry, split a/c systems, and in-unit washer/dryers in select units.* new construction: three brand-new adus (accessory dwelling units) two attached and one detached offer modern layouts and strong rent potential.* natural light: units are flooded with sunlight, enhancing the livability and tenant appeal. * rental upside: many units remain significantly below market rents, offering near-term income growth. venice is one of the most culturally iconic and forward-looking communities in california. known for its vibrant arts scene, tech adjacent economy ("silicon beach"), and beach lifestyle, venice consistently ranks among the highest-demand rental submarkets in the region.santa monica, just minutes away, is a world-class coastal city renowned for its pristine beaches, upscale shopping, booming business district, and institutions like santa monica college and providence saint john's health center. its proximity to the property enhances long-term value and draws a broad tenant base. 2001 penmar avenue offers investors the rare chance to acquire a beautifully upgraded, income-producing asset in one of the tightest supply zones in los angeles. with completed capital improvements, new construction adus, and clear rental upside in a high-demand submarket, this asset is perfectly positioned for stable cash flow and long-term appreciation.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49955234

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Property Details

  • Bedroom Information

    • Total Bedrooms : 20

    Bathroom Information

    • Total Baths: 17
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Dishwasher,Microwave,Refrigerator,Washer

    Heating Source

    • Combination,Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1962
    • Building Area Total: 9,532

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.238
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 10367

  • Listing Price Information

    • Original List Price: 5,250,000
    • Listing Contract Date: 2025-05-27

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 4242009011

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C11 - Venice
    • Postal Code Plus 4: 4079
    • Directions: Corner of Superba Avenue and Penmar Avenue.
    • Zoning: LARD3
    • Source Property Type: Residential Income
    • Area: C11 - Venice

    Building and Construction

    • Property Age: 63
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 9532
    • Levels or Stories: One,Two
    • Building Total Stories: 1
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BuyOwner last updated this listing 06/09/2025 @ 13:04

  • MLS: 25543799
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 20 bedrooms which is for sale, it has 9,532 sqft, 10,367 sized lot, and 0 parking. are nearby neighborhoods.