2432 Penmar Ave

Venice, CA, 90291

$5,750,000

$573 per ft²
$5,750,000
$573 per ft²
Active
Active
 - For Sale
beds
20 Beds
baths
16 Baths
carpenters-square
10,024 ft²
property_type
Multi-family
calendar
Built 2018
Completed in 2019, Common Penmar is a best in class, 4-unit property that is being professionally operated as a co-living property with 20 furnished suites (private bedrooms) rented individually. Many of the suites also include a private bathroom. The unit mix at the property is comprised of two units that feature four bedrooms and four bathrooms, and the other two units that feature six bedrooms and four bathrooms. The apartments have high end finishes, quality appliances, beautiful community space and wonderful natural light. An incredible amenity at the property is the rooftop deck that spans the building, provides multiple seating areas and BBQs for the tenants' use and offers full 360-degree views. Co-living is a popular form of residential renting that has swept the nation. It offers residents a ton of flexibility and an array of amenities by renting furnished, private rooms on a short-term or long-term basis. The units at Common Penmar include large kitchens and beautiful living rooms that create valuable communal space and interactivity among the residents. WiFi and all utilities are included for the tenants convenience. For an investor who is not as familiar with co-living, Common Penmar can also be easily converted to a traditional multifamily property rented by the unit with long-term leases. The Property is ideally positioned to rent to either families or roommates that wish to be in such a prime location.
MLS® ID:
22-181089
Listed:
7/18/22
Updated:
9/27/22

Interior Features

Total Bedrooms
20
Total Bathrooms
16
Cooling
Central
Heating
Central

Exterior/Building Features

Lot Size
5,534 ft² lot
Exterior Features
None

Other Property Details

Garage
Yes
Garage Spaces
8
Parking
Community Garage, Controlled Entrance, Covered Parking
Parking Total
8.0
View
N
County
Los Angeles
Pool
No
Total Stories
4
Zoning
LARD1.5

Property History

Date
Event
Price
Value
9/13/22
Price Change
$5,750,000
-7%

 

Courtesy of Bryan Glenn, Kidder Mathews of California, Inc.

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Kris Zacuto shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/27/22

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