2045 Penmar

Venice, CA, 90291

For Sale $1,990,000

4beds
4baths
1,870sqft
0.10acre

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 6.51% CAP & 11.27 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.

Listing agents:

Cameron Samimi

License #02035763

Lyon Stahl Investment Real Estate, Inc.

Molly First

License #02065583

Lyon Stahl Investment Real Estate, Inc.

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2045 Penmar is a Residential Quadruplex property located in Venice, California, featuring a 0.100 acre lot, 1,870 sqft, 4 bedrooms, 4 full baths, MLS #SB25239782.

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Data last modified: 2026-03-17 20:45:03

2045 Penmar

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