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… Read More renovations, newly constructed ADUs, and strong in-place income with significant rental upside. Property Highlights * Prime Venice Location: Nestled on a peaceful residential corner, yet moments from Abbot Kinney Boulevard, Rose Avenue, VeniceBeach, and Santa Monica.* Excellent Unit Mix: A diverse mix of bright and spacious studio, 1-bedroom, and 2-bedroom units, many with large private patios. * Luxury Renovations: 10 of 14 units fully renovated with high-end finishes. Features include new flooring, designer kitchens and bathrooms, custom cabinetry, split A/C systems, and in-unit washer/dryers in select units.* New Construction: Three brand-new ADUs (Accessory Dwelling Units) two attached and one detached offer modern layouts and strong rent potential.* Natural Light: Units are flooded with sunlight, enhancing the livability and tenant appeal. * Rental Upside: 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. Read Less
Property listed by Remax Commercial and Investment Realty, Jonathan Taksa 213-817-1000
Listing Snapshot
Days Online
42
Last Updated
Property Type
Other
Beds
20
Square Ft.
9,532
Lot Size
0.24 Acres
Year Built
1962
MLS Number
25543799
30 Days Snapshot Of 90291
$2.58M
+9%
(avg) sold price
23
-4%
homes sold
80
+8%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Microwave, Refrigerator, Washer
Building
Built in 1962, Building area total: 9,532, Levels: One, Two, Living area: 9532, 1 story, 1 building
Heating
Combination, WallFurnace
Income
Gross income: $434,365, Net operating income: $302,180
Lot
0.238 acres, 10,367 square feet, Size: 10,367
Parking
1 total parking, Assigned
Property
Zoning: LARD3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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