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.
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.
Property Details
Price:
$1,699,000
MLS #:
SB25239782
Status:
Active
Beds:
4
Baths:
4
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
c11
Listed Date:
Oct 14, 2025
Finished Sq Ft:
1,870
Lot Size:
4,364 sqft / 0.10 acres (approx)
Year Built:
1949
See this Listing
Schools
School District:
Santa Monica-Malibu Unified
Interior
Bathrooms
4 Full Bathrooms
Cooling
SEE
Laundry Features
AR
Exterior
Community Features
SDW, CRB, CW
Parking Spots
6
Financial
Map
Community
- Address2045 Penmar AV Lot 66 Venice CA
- CityVenice
- CountyLos Angeles
- Zip Code90291
Subdivisions in Venice
Market Summary
Current real estate data for Single Family in Venice as of Nov 27, 2025
63
Single Family Listed
77
Avg DOM
1,069
Avg $ / SqFt
$2,288,162
Avg List Price
Property Summary
- 2045 Penmar AV Lot 66 Venice CA is a Single Family for sale in Venice, CA, 90291. It is listed for $1,699,000 and features 4 beds, 4 baths, and has approximately 1,870 square feet of living space, and was originally constructed in 1949. The current price per square foot is $909. The average price per square foot for Single Family listings in Venice is $1,069. The average listing price for Single Family in Venice is $2,288,162.
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.2045 Penmar AV Lot 66
Venice, CA