2001 Penmar AVE, Venice, CA 90291
2001 Penmar AVE, Venice, CA 90291
2001 Penmar AVE, Venice, CA 90291
2001 Penmar AVE, Venice, CA 90291
2001 Penmar AVE, Venice, CA 90291
2001 Penmar AVE, Venice, CA 90291
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 4,995,000
Est. payment | /mo

20 Beds

17 Baths

9,532 SqFt

Save
$ 4,995,000
Est. payment | /mo
Save

20 Beds

17 Baths

9,532 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,532 sqft

Price per Sqft $524

MLS Listing ID 26818379

Bedrooms 20

HOA Y/N No

Year Built 1962

Lot Size 10,371 Sqft

Property Description

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. The property is nestled on a peaceful residential corner, yet moments from Abbot Kinney Boulevard, Rose Avenue, Venice Beach, and Santa Monica. There is an excellent unit mix with a diverse mix of bright and spacious studio, 1-bedroom, and 2-bedroom units, many with large private patios. 10 of 14 units have been 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. In addition, three brand-new ADUs (Accessory Dwelling Units) two attached and one detached offer modern layouts and strong rent potential. There is still considerable rental upside as 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. **** LOAN MUST BE ASSUMED, INQUIRE FOR DETAILS *****

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LARD3

Interior

Heating Combination

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator

Laundry Stacked

Exterior

Parking Features Assigned

Building

Story 2

Entry Level One,Multi/Split

Level or Stories One, Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4242009011

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jonathan Taksa Remax Commercial and Investment Realty #01366169

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

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Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

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Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.