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2001 Penmar Avenue

Venice, CA 90291
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Bed 20

Bed

Bath 0

Bath

SqFt9,532

Sqft

SqFt10,370

Sqft(Lot)

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 *****

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Detail Ic Property Details

Property Type : ResidentialIncome

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

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Feature Features

  • Bedroom Information

    Total beds: 20

    Bathroom Information

    Total Baths: 17
  • Interior Features

    Appliances: Dishwasher, Disposal, Microwave, Refrigerator
    Laundry Features: Stacked
  • Heating & Cooling

    Has Heating: Yes Heating: Combination

  • Building Information

    Year Built: 1962
    Building Area Total: 9532
    Stories: 1
    Private Pool: No

  • Lot Information

    Main Square Feet: 10370 Lot Size Acres: 0.2381 Lot Size Square Feet: 10,370

  • Listing Price Information

    Listing Price: $4995000

  • Tax Information

    Parcel Number: 4242009011

  • Location Information

    Direction: Prime Venice (Border of Santa Monica) surrounded by single family residences.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3932 Glencoe Avenue, Venice, CA, 90291 $4,298,000 4 6 4,325 4,325 SqFt
2403 Louella Avenue, Venice, CA, 90291 $2,495,000 -- -- 2,947 2,947 SqFt
2445 Glyndon Avenue, Venice, CA, 90291 $4,650,000 5 5 3,950 3,950 SqFt
2013 Louella Avenue, Venice, CA, 90291 $3,648,000 4 4 3,175 3,175 SqFt
2106 Glyndon Avenue, Venice, CA, 90291 $9,500,000 5 6 3,900 3,900 SqFt
2036 Glyndon Avenue, Venice, CA, 90291 $4,995,000 5 5 4,275 4,275 SqFt
2452 Penmar Avenue, Venice, CA, 90291 $4,950,000 9 -- 5,486 5,486 SqFt
1531 Glencoe Avenue, Venice, CA, 90291 $4,415,000 4 4 3,240 3,240 SqFt
2515 Lincoln Boulevard, Venice, CA, 90291 $2,699,000 3 3 2,801 2,801 SqFt
2513 Lincoln Boulevard, Venice, CA, 90291 $2,699,000 3 -- 2,801 2,801 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/23/2026 @ 18:30

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

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