2045 Penmar Avenue
Venice, CA, 90291
$1,666,000
MLS: SB25239782
Beds
4
Baths
4
Sq Ft
1,870
Lot
0.10 ac
Year Built
1949
MLS #
SB25239782
Days on Market
184
Listed
Oct 14, 2025
Description
3 out of 4 Units will be delivered VACANT! Charming 4-Unit Investment Opportunity in Prime Venice Location Built in 1949, this well-maintained 4-unit apartment building sits on a 4,364 sq ft lot and offers a total of 1,870 sq ft of living space. Each unit is a 1-bedroom, 1-bath, ideally situated on a quiet, tree-lined street in one of Venice’s most sought-after residential neighborhoods. Presenting immediate upside for investors or owner-users will operate at 7.73% CAP & 11.15 GRM. Recent upgrades include a new roof, approximately 90% updated plumbing, and a shared laundry room. The property also boasts two private backyards, two single-car garages with ADU potential, and three additional off-street parking spaces—a rare convenience in Venice. Located just down the street from Penmar Golf Course and moments from popular cafes, restaurants, fitness studios, and top-rated schools. This high-demand location supports strong, consistent rental income and long-term appreciation potential.
Location
Venice, Los Angeles County, CA 90291
Open on Google Maps ↗Listed by: Cameron Samimi · Lyon Stahl Investment Real Estate, Inc.
Payment estimate
$11,873
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $166,600 · Loan: $1,499,400
- Principal & Interest
- $9,213
- Property tax (1.25%)
- $1,735
- Homeowners insurance
- $300
- Mortgage insurance
- $625
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Venice home with as little as 3.5% down using an FHA loan — roughly $58,310 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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