2432 Penmar Avenue

    Venice, CA 90291
    • $7,170,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: 20554406
    UPDATED: 54 min ago
    $7,170,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2019
    County:
    Area:

    School Ratings & Info

    Description

    PROPERTY TOURS WILL BE HELD ON FEBRUARY 27TH CONTACT LISTING AGENT TO SCHEDULE. This is one of the first coliving investment opportunities in Los Angeles. 2432 Penmar is a 10,024 square foot luxury apartment building totaling 20 bedrooms in the heart of Venice. Situated just off Venice and Lincoln Blvd, and blocks away from Marina Del Rey, the tenants are provided with unlimited dining, shopping and entertainment options. Hop on your bike for a quick ride down to the beach, the iconic Abbot Kinney Boulevard, or the Venice Pier.Consisting of four separate townhomes, two units have four bedrooms and two units have six bedrooms, all separately rented out to quality tenants. There are four separate kitchens throughout the property with two large interior living areas designated as the main dining area, entertainment, and inside common living areas. Each unit has their own washer/dryer. The roof deck stretches across the whole property, providing 360 degree views.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T15:28:11.993. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.

    www.northsdrealty.com/homes/103326782

    2432 Penmar Avenue Venice, CA 90291

    • Price: $7,170,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 20554406
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2019
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    PROPERTY TOURS WILL BE HELD ON FEBRUARY 27TH CONTACT LISTING AGENT TO SCHEDULE. This is one of the first coliving investment opportunities in Los Angeles. 2432 Penmar is a 10,024 square foot luxury apartment building totaling 20 bedrooms in the heart of Venice. Situated just off Venice and Lincoln Blvd, and blocks away from Marina Del Rey, the tenants are provided with unlimited dining, shopping and entertainment options. Hop on your bike for a quick ride down to the beach, the iconic Abbot Kinney Boulevard, or the Venice Pier.Consisting of four separate townhomes, two units have four bedrooms and two units have six bedrooms, all separately rented out to quality tenants. There are four separate kitchens throughout the property with two large interior living areas designated as the main dining area, entertainment, and inside common living areas. Each unit has their own washer/dryer. The roof deck stretches across the whole property, providing 360 degree views.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Property Features

    Gross Income 519000.00 Gross Multiplier 12.42 Gross Operating Income 498240.00 Net Operating Income 312675.00 Senior Community YN No Special Listing Conditions Standard Zoning Lard1.5

    Listing provided courtesy of Morgan Mcmullin of Compass and Shaya Braverman of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T15:28:11.993. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.

     
    The Houston Team | Compass CA DRE#01991628
    2100 Costa Del Mar
    Carlsbad CA, 92009