14 Units in A+ Location in VENICE/SANTA MONICA
14 Units - Luxuriously Upgraded - 6.41 CAP
Marketing 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 ***
Investment highlights
Prime Venice location on a quiet, tree-lined corner at Penmar & Superba Avenue
6.41 CAP RATE
Walking distance to Rose Avenue, Abbot Kinney, Venice Beach, and Santa Monica
14 total units with an ideal mix of studios, 1-bedroom, and 2-bedroom floor plans
10 of 14 units fully renovated with high-end finishes and luxury features
New designer kitchens and bathrooms
Premium cabinetry and countertops, Split-system A/C units, New flooring throughout, In-unit washer/dryers in select units
Some units include private patios, enhancing tenant experience
Three newly constructed ADUs (Accessory Dwelling Units): 2 attached + 1 detached
Units are flooded with natural light, offering spacious and comfortable living
Significant rental upside—many units currently leased below market rates
Close proximity to tech and media employers in Venice, Santa Monica, and Silicon Beach
Turnkey asset with major capital improvements completed—minimal deferred maintenance
Located in one of Los Angeles’ highest-demand coastal submarkets with low vacancy
Highly desirable to young professionals, creatives, and long-term renters
LOAN MUST BE ASSUMED
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