Sold
2432 Penmar Avenue
Venice CA, 90291
$5,450,000
$543.70 per sqft
Sold
20 Beds
16 Baths
10,024 sqft
Residential
Built in 2018
Listed by Bryan Glenn with Kidder Mathews of California, Inc. 858-369-3010
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.
22181089
MLSⓇ ID
July 19, 2022
Listed
March 23, 2024
Updated
Map
2432 Penmar Avenue
Venice CA, 90291
Interior Features
Total Stories
4
Bedrooms
20 Beds
Bathrooms
16 Baths
Appliances
Barbecue, Dishwasher, Microwave, Dryer, Washer
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.13 Acres
Other Property Details
Area Name
C11 - Venice
Days on Market
84
Garage
Yes
Garage Spaces
8
Parking
Controlled Entrance, Covered, Community Structure
Parking Total
8
View
No
County
Los Angeles
Pool
No
Zoning
LARD1.5
Buyer Agency Compensation
1.5%
Listing Contact: 858-369-3010
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Data last updated on 3/23/2024 at 1:44 AM UTC