2045 Penmar AVE Venice, CA 90291
4 Beds
4 Baths
1,870 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,870 sqft
Price per Sqft $908
MLS Listing ID SB25239782
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1949
Lot Size 4,364 Sqft
Property Sub-Type Quadruplex
Property Description
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.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD2
Rooms
Main Level Bedrooms 2
Interior
Cooling See Remarks
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks, Park
View Y/N Yes
Total Parking Spaces 6
Private Pool No
Building
Lot Description 2-5 Units/Acre, Back Yard, Corner Lot, Garden, Landscaped, Near Park, Near Public Transit
Dwelling Type Quadruplex
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Santa Monica-Malibu Unified
Others
Senior Community No
Tax ID 4242006009
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
- 10
Edison Language Academy
Public | PK - 5
- 9
Franklin Elementary School
Public | PK - 5
- 9
Grant Elementary School
Public | PK - 5
- 9
Mar Vista Elementary
Public | KG - 5
- 9
Clover Avenue Elementary School
Public | KG - 5
- 9
Overland Elementary School
Public | KG - 5
- 9
Citizens of the World 3
Public | KG - 5
- 9
Playa del Rey Elementary
Public | KG - 5
- 8
Santa Monica Alternative (K-8)
Public | KG - 8
- 8
McKinley Elementary School
Public | KG - 5
- 8
Will Rogers Learning Community
Public | KG - 5
- 8
Broadway Elementary School
Public | KG - 5
- 8
Coeur d'Alene Avenue School
Public | KG - 5
- 8
Richland Avenue Elementary
Public | KG - 6
- 8
Playa Vista Elementary
Public | KG - 5
- 8
Ocean Charter
Public | KG - 8
- 7
Nora Sterry Elementary School
Public | KG - 5
- 7
Goethe International Charter
Public | KG - 8
- 6
Short Avenue Elementary
Public | KG - 6
- 6
Grand View Boulevard Elementary School
Public | KG - 5
- 9
Lincoln Middle School
Public | 6 - 8
- 8
New West Charter
Public | 6 - 10
- 8
The Incubator
Public | 6 - 12
- 7
John Adams Middle School
Public | 6 - 8
- 7
Palms Middle School
Public | 6 - 8
- 5
Mark Twain Middle School
Public | 6 - 8
- 5
Magnolia Science Academy 4
Public | 6 - 12
- 5
Icef Vista Middle Academy
Public | 6 - 8
- 4
Daniel Webster Middle School
Public | 6 - 8
- 2
Marina Del Rey School
Public | 6 - 8
- 0
City Charter Middle School
Public | 6 - 8
- 0
James J. Mcbride Special Education Center
Public | 6 - 12
- 0
Windward School
Private | 7 - 12
- 0
Westview School
Private | 7 - 12
- 9
Santa Monica High School
Public | 9 - 12
- 7
Animo Venice Charter High School
Public | 9 - 12
- 6
Venice High School
Public | 9 - 12
- 2
Westchester Enriched Sciences Magnets (WESM) - Health & Sports Medicine Magnet
Public | 9 - 12
- 0
St Monica Catholic High School
Private | 9 - 12
- 0
Pacifica Christian High School
Private | 9 - 12
- 0
Olympic High (Continuation)
Public | 9 - 12
- 0
Lighthouse Christian Academy
Private | 9 - 12
- 0
Arete Preparatory Academy
Private | 9 - 12
- 0
Phoenix Continuation
Public | 9 - 12
- 0
Notre Dame Academy Girls High School
Private | 9 - 12