CA > Venice
Venice, CA 90291,2200 Penmar Ave
Venice, CA 90291,2200 Penmar Ave
Venice, CA 90291,2200 Penmar Ave
11
See all 11 photos
$1,495,000
Est. payment /mo
Save
4 Beds
3 Baths
2,054 SqFt
New

2200 Penmar Ave Venice, CA 90291

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Thu
19
Jun
Fri
20
Jun
Sat
21
Jun
Derek Johnson

Derek Johnson

+1(310) 424-8883

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,054 sqft

Price per Sqft $727

MLS Listing ID 25552661

Bedrooms 4

Year Built 1949

Lot Size 4,541 Sqft

Acres 0.1042

Property Sub-Type Multi-Family

Property Description

We are pleased to present 2200 Penmar Ave a charming 3-unit apartment building located in the heart of Venice, one of Los Angeles' most desirable coastal neighborhoods. Built in 1949, the property features (2) one-bedroom + one-bath units and (1) two-bedroom + one-bath unit, totaling approximately 2,054 square feet of rentable space on a 4,545 square foot lot. All units are equipped with in-unit washer and dryers, providing added convenience and appeal to tenants. Additionally, two of the units come with their own private garage parking and outdoor patios ideal for enjoying the Venice beach lifestyle. One unit will be delivered vacant at the close of escrow, offering an excellent opportunity for an owner-user or investor seeking to capitalize on immediate rental upside in a supply-constrained market. Tucked away on a quiet residential street, 2200 Penmar offers tenants the perfect blend of tranquility and accessibility. Just minutes from the iconic Abbot Kinney Boulevard, Venice Beach, and a wide array of shopping, dining, and entertainment options, the location is second to none. Easy access to Lincoln Blvd, Venice Blvd, and major freeways ensures smooth connectivity to Santa Monica, Culver City, and beyond.2200 Penmar Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 4.13% with the ability to improve to a 4.67% CAP rate once units turnover.

Location

State CA

County Los Angeles

Area Venice

Zoning LAR1

Rooms

Other Rooms None

Interior

Heating Other

Cooling Window Unit(s)

Equipment None

Exterior

Parking Features Garage

Building

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

GET MORE INFORMATION

agent

Derek Johnson

Agent | License ID: 02051308

+1(310) 424-8883

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Derek Johnson, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

2200 Penmar Ave