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2001 Penmar Ave
Venice, CA 90291

$5,095,000 USD

Apartments For Sale • 9,532 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 6.20 %
Zoning R3, Los Angeles

60 Transit Score

60 Walk Score

                
                    Highlights
                
                                Corner multifamily property located in the heart of Venice near Abbot Kinney Boulevard, Rose Avenue, Venice Beach, and Santa Monica.
                            
                                The asset features a mix of studio, one-bedroom, and two-bedroom residences, providing broad tenant appeal.
                            
                                Ten units have undergone extensive interior renovations with updated finishes and modernized living spaces.
                            
                                Three newly constructed ADUs provide additional income-generating opportunities.

Property Flyers

OM - 2001 Penmar Ave - UPDATED NEW

Financial Summary (Proforma)

Net Operating Income: $316,125 USD (2026)

Cap Rate:	6.20 %
Total Expenses:	$119,654 USD

Amenities

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

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	11 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

2001 Penmar Ave Venice, CA 90291