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2045 Penmar Ave
For Sale $1,699,000 ($908.56 per Sq Ft)
$1,699,000 ($908.56 per Sq Ft)
- 4 Bedrooms
- 4 Bathrooms
- 1,870 Sq Ft
- 4,364 Sq Ft
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,699,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 1,870 |
| Number of Stories | 2 stories |
| Parking Spots | 2 spots |
| Year Built | 1949 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 4242006009 |
| MLS # | SB25239782 |
| Property ID | 322262386 |
| Lot Sqft | 4,364 |
| Zoning | LARD2 |
| Total Units | 4 |
| Days on Market | 103 |
| Original List Price | $1,699,000 |
| Date Updated | November 04, 2025 |
| Date Created | October 14, 2025 |
Listing Provided By
Cameron Samimi an agent of Lyon Stahl Investment Real Estate, Inc.. Lic #02035763
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of November 04, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Showing Agent
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- 30 mins
- America/Phoenix
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Robert Crawford
REAL ESTATE AGENT