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 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.
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DAYS ON MARKET
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12
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LAST UPDATED
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5/27/2025
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YEAR BUILT
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1962
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COMMUNITY
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C11 - Venice
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COUNTY
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Los Angeles
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STATUS
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Active
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PROPERTY TYPE(S)
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Residential Income
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| APPLIANCES |
Dishwasher, Microwave, Refrigerator, Washer |
| AREA |
C11 - Venice |
| HEAT |
Wall Furnace |
| LOT |
10367 sq ft |
| PARKING |
Assigned |
| STORIES |
One, Two |
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Listed with Remax Commercial and Investment Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/7/25 9:14 PM PDT 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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