2200 Penmar Avenue

Venice, CA 90291

4 Bed(s)
0 Bath(s)
2,054 Sqft
4541
Sqft(Lot)

$1,495,000

Active

Description

We are pleased to present 2200 penmar ave a charming 3-unit apartment building located in the heart of venice, one of los angeles' most desirable coastal neighborhoods. built in 1949, the property features (2) one-bedroom + one-bath units and (1) two-bedroom + one-bath unit, totaling approximately 2,054 square feet of rentable space on a 4,545 square foot lot. all units are equipped with in-unit washer and dryers, providing added convenience and appeal to tenants. additionally, two of the units come with their own private garage parking and outdoor patios ideal for enjoying the venice beach lifestyle. one unit will be delivered vacant at the close of escrow, offering an excellent opportunity for an owner-user or investor seeking to capitalize on immediate rental upside in a supply-constrained market. tucked away on a quiet residential street, 2200 penmar offers tenants the perfect blend of tranquility and accessibility. just minutes from the iconic abbot kinney boulevard, venice beach, and a wide array of shopping, dining, and entertainment options, the location is second to none. easy access to lincoln blvd, venice blvd, and major freeways ensures smooth connectivity to santa monica, culver city, and beyond.2200 penmar ave represents a unique value-add opportunity for investors due to the property's location and rental upside. the property offers a initial cap rate of 4.13% with the ability to improve to a 4.67% cap rate once units turnover.

Property Type
Residential Income
County
Los Angeles
Style
Residential Income
AD ID
50193288

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Property Details

Interior Features

Bedroom Information

Total Bedrooms : 4

Bathroom Information

Total Baths: 3
Full Baths: 0
Half Baths: 0

Exterior Features

Building Information

Year Built: 1949
Building Area Total: 2,054

Property / Lot Details

Lot Details

Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1042

Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 4541

Listing Information

Listing Price Information

Original List Price: 1,495,000
Listing Contract Date: 2025-06-15

Lease Information

Listing Agreement: Seller Reserved

Taxes / Assessments

Tax Information

Parcel Number: 4242029017

Virtual Tour, Parking, Multi-Unit Information & Homeowners Association

Garage and Parking

Garage Description: Garage

Homeowners Association

Rental Info

Lease Term: Negotiable

School, Utilities & Location Details

Other Property Info

Source Listing Status: Active
Source Neighborhood: C11 - Venice
Postal Code Plus 4: 4061
Directions: On the South East corner of Penmar and Victoria
Zoning: LAR1
Source Property Type: Residential Income
Area: C11 - Venice

Building and Construction

Property Age: 76
Year Built Source: Vendor Enhanced
Total Square Feet Living: 2054
Levels or Stories: One
Building Total Stories: 1

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BuyOwner last updated this listing 07/13/2025 @ 13:10

MLS: 25552661
LISTING PROVIDED COURTESY OF: ,
SOURCE: CRMLS

2200 Penmar Avenue, Venice CA 90291 is a Home, with 4 bedrooms which is for sale, it has 2,054 sqft, 4,541 sized lot, and 0 parking. are nearby neighborhoods.