2001 Penmar Ave | Venice, CA 90291
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- LoopNet Team
2001 Penmar Ave
Venice, CA 90291
Penmar Eleven · Multifamily Property For Sale
·
11 Units
INVESTMENT HIGHLIGHTS
- AAA+ Venice Location just blocks away From Lincoln Blvd & Abbot Kinney Ave
- FANTASTIC Value Add Investment Opportunity with Approximately 126% Upside in Market Rents
- PROPERTY is RTI to add Three ADU (Accessory Dwelling Units) Two 2 B/ 2 B ADU’s & One Large 3B / 3B ADU
- ONE of the trendiest Neighborhoods in Los Angeles near an array of Fine Dining, Shopping & Nightlife/Entertainment options that Venice has to offer
- EXCELLENT Unit Mix Consisting of Four 2B / 1 B Units, Five 1 Bedroom / 1 Bathroom Units, One – Studio / 1 Bedroom Unit & One Bachelor / 1B Unit
- MARKET CAP 9.27% & Market GRM 8.3
PROPERTY FACTS
| No. Units | 11 | Building Size | 7,469 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.15/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | R3, Los Angeles - Multiple Family Dwelling Residential | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 7,469 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.15/1,000 SF |
| Zoning | R3, Los Angeles - Multiple Family Dwelling Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Patio
SITE AMENITIES
- Laundry Facilities
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $1,395 | - |
| 1+1 | 5 | $1,963 | - |
| 2+1 | 4 | $1,659 | - |
PROPERTY TAXES
| Parcel Number | 4242-009-011 | Improvements Assessment | $1,273,449 |
| Land Assessment | $2,228,536 | Total Assessment | $3,501,985 |
PROPERTY TAXES
Parcel Number
4242-009-011
Land Assessment
$2,228,536
Improvements Assessment
$1,273,449
Total Assessment
$3,501,985
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