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2001 Penmar Ave
Venice, CA 90291

$4,995,000 USD

Apartments For Sale  •  7,469 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,532 SF
  • Lot Size 0.23 AC
  • Building Class C
  • Year Built 1962
  • Cap Rate 6.41 %
  • Zoning R3, Los Angeles
60 Transit Score
60 Walk Score

Highlights

Prime Venice location on a quiet, tree-lined corner at Penmar & Superba Avenue
6.41 CAP RATE
14 total units with an ideal mix of studios, 1-bedroom, and 2-bedroom floor plans
10 of 14 units fully renovated with high-end finishes and luxury features
Three newly constructed ADUs (Accessory Dwelling Units): 2 attached + 1 detached
LOAN MUST BE ASSUMED: INQUIRE FOR DETAILS

Financial Summary (Proforma)

Net Operating Income: $320,396 USD (2026)
Cap Rate: 6.41 %
Total Expenses: $118,612 USD

Amenities

  • Air Conditioning
  • Laundry Facilities
  • Pool
  • Heating
  • Kitchen
  • Refrigerator
  • Tub/Shower
  • Patio

Public Transportation

AirportDriveWalkDistance
Los Angeles International 12 min - 6.4 mi
Bob Hope 37 min - 22.6 mi
Long Beach (Daugherty Field) 35 min - 25.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: SurfaceTandem
Included in Rent: Yes
Jonathan Taksa 310-968-5303 RE/MAX Commercial & Investment Realty
Jonathan Taksa 310-968-5303 RE/MAX Commercial & Investment Realty