Active

2001 Penmar Avenue

Venice, CA 90291

$4,995,000 $21,059/Mo

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Overview

Bed

Bath

9,532

Sqft

10,370

Sqft(Lot)

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. The property is nestled on a peaceful residential corner, yet moments from Abbot Kinney Boulevard, Rose Avenue, Venice Beach, and Santa Monica. There is an excellent unit mix with a diverse mix of bright and spacious studio, 1-bedroom, and 2-bedroom units, many with large private patios. 10 of 14 units have been fully renovated with high-end finishes. Features include new floorin g, designer kitchens and bathrooms, custom cabinetry, split A/C systems, and in-unit washer/dryers in select units. In addition, three brand-new ADUs (Accessory Dwelling Units) two attached and one detached offer modern layouts and strong rent potential. There is still considerable rental upside as 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. **** LOAN MUST BE ASSUMED, INQUIRE FOR DETAILS *****

Property Details

Property Type : Residential Income

Price : $4,995,000

AD Id : 77793798

MLS Id : 26818379

Beds : 20

Lot Size : 10,370 Sqft

Living Area Size : 9,532

Year Built : 1962

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 20

Bathroom Information

Total Baths: 17 Full Baths: 0 Half Baths: 0
Interior Features

Property Appliances: Dishwasher,Disposal,Microwave,Refrigerator
Heating Source

Combination Has Heating

Building Information

Year Built: 1962 Building Area Total: 9,532
Laundry Features

Stacked

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2381
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 10370

Listing Price Information

Original List Price: 4,995,000 Listing Contract Date: 2026-04-28
Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 4242009011

Garage and Parking

Garage Description: Assigned

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: C11 - Venice Postal Code Plus 4: 4079 Directions: Prime Venice (Border of Santa Monica) surrounded by single family residences. Zoning: LARD3 Source Property Type: Residential Income Area: C11 - Venice
Building and Construction

Property Age: 64 Year Built Source: Vendor Enhanced Total Square Feet Living: 9532 Levels or Stories: One,Multi/Split Building Total Stories: 1

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
3932 Glencoe Avenue, Venice, CA, 90291	$4,299,000	4	6	4,325	4,325 SqFt
2403 Louella Avenue, Venice, CA, 90291	$2,495,000	--	--	2,947	2,947 SqFt
2478 Glyndon Avenue, Venice, CA, 90291	$1,850,000	4	2	2,807	2,807 SqFt
2040 Glencoe Avenue, Venice, CA, 90291	$4,748,000	4	4	3,800	3,800 SqFt
2445 Glyndon Avenue, Venice, CA, 90291	$4,650,000	5	5	3,950	3,950 SqFt
2026 Louella Avenue, Venice, CA, 90291	$4,095,000	4	4	3,400	3,400 SqFt
2477 Walnut Avenue, Venice, CA, 90291	$1,885,000	4	2	1,398	1,398 SqFt
1347 Palms Boulevard, Venice, CA, 90291	$9,600,000	4	4	3,872	3,872 SqFt
2013 Louella Avenue, Venice, CA, 90291	$3,648,000	4	4	3,175	3,175 SqFt
2036 Glyndon Avenue, Venice, CA, 90291	$4,995,000	5	5	4,275	4,275 SqFt

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ByOwner last updated this listing 06/08/2026 @ 00:13

MLS: 26818379 LISTED BY: Jonathan Taksa, Remax Commercial and Investment Realty 213-817-1000 SOURCE: CRMLS