2045 Penmar Avenue, Venice, CA 90291

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Residential Active

2045 Penmar Avenue

$1,990,000

Overview

Property ID: HZSB25239782

Quadruplex
Property Type

4
Bedrooms

4
Bathrooms

1870
SquareFeet

2
Garages

1949
Year Built

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 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.