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2478 Penmar Ave, Venice, CA 90291
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2478 Penmar Ave Venice, CA 90291

$3,542,000
  • 4 Beds
  • 3.5 Baths
  • 3,640 Sq.Ft.
For Sale
$3,542,000 Get Pre-Qualified
Map preview of 2478 Penmar Ave, Venice, CA 90291

Property Overview: 2478 Penmar Ave Venice, CA has 4 bedrooms, 3.5 bathrooms, 3,640 living square feet and 2,235 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Assumable loan at 4.99% interest. Introducing 2478 Penmar Avenue, a luxury single family home with built-in smart home features located in Silicon Beach. 2478 Penmar is approximately 3,640sf. This home has 4 bedrooms & 3.5 baths while being uniquely designed for relaxed living and outdoor entertaining. 5 minutes away from Abbot Kinney Blvd, Venice beachfront, and Marina Del Rey. Mother-in-Law Suite in the first floor has spacious walk-in closet and private full bathroom. The large second floor living and dining area leads to an outdoor courtyard that brings a sophisticated combination of modern living intertwined with texture, warmth, raw simplicity, and earthy luxuriance. The third floor includes the master room and 2 spacious bedrooms. The home has a private rooftop deck with hot tub for your enjoying the city lights view. Concrete heated floor throughout the entire house, white oak solid wood stairs, aluminum dual-panel and Low E & Argon gas energy-efficient windows keeping a constant temperature. The house features a 5-zone AC system, top-of-the-line appliances: Sub-Zero full size wine cellar, Sub-Zero refrigerator, and Wolf 6 burner gas range. It's a very prominent home in the prime location of Venice California. Assumable Loan at 4.99% Interest Only.

Listed by Johnney Zhang | BRE #01996880 | Primior Management Inc
Last checked: 14 minutes ago | Last updated: June 13th, 2024 | Source CRMLS | DOM: 13
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Home details

Lot Sq. Ft
2,235
HOA Dues
$0/mo
Year built
2019
Garage
2 Car
Property Type:
Single Family Home
Status
Active
MLS#
TR24116595
City
Venice
County
Los Angeles
Time on Site
13 days

Open Houses for 2478 Penmar Ave

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Property Details for 2478 Penmar Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, ENERGY STAR Qualified Equipment, Zoned
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Individual Room
Fireplace Information
  • Has Fireplace
  • Outside, Patio
Room Information
  • Downstairs Bedrooms: 3
  • Downstairs Bathrooms: 3
  • Bonus Room, Exercise Room, Family Room, Jack & Jill, Kitchen, Laundry, Living Room, Main Floor Bedroom, Office, Walk-In Closet, Wine Cellar
Kitchen Information
  • Has Appliances
  • 6 Burner Stove, Built-In Range
Bathroom Information
  • # of Baths (Full): 3
  • # of Baths (1/2): 1
Interior Features
  • Granite Counters, High Ceilings, In-Law Floorplan, Living Room Deck Attached, Recessed Lighting, Storage
  • Levels: Three Or More
Exterior Features
Exterior Information
  • Has Spa
  • Spa Features: Roof Top
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage - Two Door
  • Has Attached Garage
Lot Information
  • Lot Features: Paved
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Mountain(s), Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 4236004043
  • Year Built Source: Seller
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Schools
School Information
  • High School District: Los Angeles Unified
Location / Neighborhood
Location Information
  • Directions: Lincoln Blvd to Zanja St to Penmar
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Venice Agent

Sale History for 2478 Penmar Ave

View property's historical transactions

  • June, 2024

  • Jun 12, 2024

    Date

    Active

    CRMLS: TR24116595

    $3,542,000

    Price

  • March, 2024

  • Mar 11, 2024

    Date

    Expired

    CRMLS: TR23189321

    $3,274,643

    Price

  • Oct 10, 2023

    Date

    Active

    CRMLS: TR23189321

    $6,999,999

    Price

  • Listing provided courtesy of CRMLS

    Assumable loan at 4.99% interest!!! Introducing 2478 Penmar Avenue, a luxury single family home with built-in smart home features located in Silicon Beach. 2478is approximately 3,640sf. This home has 4 bedrooms & 4 baths while being uniquely designed for relaxed living and outdoor entertaining. 5 minutes away from Abbot Kinney Blvd, Venice beachfront, and Marina Del Rey. Mother-in-Law Suite in the first floor has spacious walking closet and individual bathroom. It can be as simple as a bedroom and private bath that has a individual door giving the suite privacy from the rest of the home. Large second floor is living and dining area that leads to outdoor courtyard brings a sophisticated combination of modern living intertwined with texture, warmth, raw simplicity, and earthy luxuriance. The third floor includes master room and 2 spacious bedrooms. Spacious and private rooftop deck with hot tub for your enjoying the city light view. Concrete heated floor through the entire house, white oak solid wood stairs, aluminum dual-panel and Low E & Argon gas energy-efficient windows keeping a constant temperature longer. The house features radiant floor heat system concrete floor, a 5-zone AC system, top-of-the-line appliance: Sub-Zero full size wine cell, Sub-Zero refrigerator, and Wolf gas range. It's a very pronominal house in the prime location of Venice California. Current rent to a corporate tenant, $14,815/mo. Can keep as income property or it can be delivered vacant. Assumable Loan at 4.99% Interest Only.

  • October, 2023

  • Oct 5, 2023

    Date

    Canceled

    CRMLS: 23312541

    $7,495,000

    Price

  • Sep 18, 2023

    Date

    Active

    CRMLS: 23312541

    $7,495,000

    Price

  • Listing provided courtesy of CRMLS

    Introducing a prime investment opportunity in the vibrant and sought-after neighborhood of Venice. Presenting 2478 & 2478 1/2 Penmar Avenue, a multi-family property that combines a desirable location, incredible potential, and an impressive return on investment. Situated in the heart of Venice just moments away from the iconic Venice Beach, this stunning property features a fabulous layout with two residences each featuring 4 bedrooms and 3.5 bathrooms. With a total living space of apx. 7,700 sq.ft., both homes offer an abundance of natural light, contemporary finishes, and modern amenities, ensuring an exceptional living experience for tenants and/or owner-users. Residents will enjoy easy access to the breathtaking coastline, the renowned Venice boardwalk, and the bustling shops, cafes, and restaurants along Abbot Kinney Boulevard. This dynamic location provides a unique blend of beachside living and urban convenience, making it a coveted destination for tenants and ensuring high demand. Investors will appreciate the substantial income potential of this property. In addition to its excellent location and income potential, this property offers ample parking space, providing convenience for residents, as well as well-maintained common areas and landscaping, adding to the overall appeal and value. Whether you are an experienced investor looking to expand your portfolio or a discerning buyer seeking a lucrative opportunity, this property presents an exceptional chance to capitalize on the robust Venice real estate market. Assumable Loan at 4.99% Interest Only.

  • September, 2023

  • Sep 15, 2023

    Date

    Expired

    CRMLS: OC23107180

    $8,400,000

    Price

  • Jun 16, 2023

    Date

    Active

    CRMLS: OC23107180

    $9,000,000

    Price

  • Listing provided courtesy of CRMLS

    Assumable Loan at 4.99% Interest Only. Introducing a prime investment opportunity in the vibrant and sought-after neighborhood of Venice, California. Presenting 2478 Penmar Avenue, a multifamily property that combines location, potential, and an impressive return on investment. Situated in the heart of Venice, this stunning property features an ideal layout with six spacious units, providing a total of eight bedrooms and eight bathrooms. With a total living space of 7,781 sf, each unit offers an abundance of natural light, contemporary finishes, and modern amenities, ensuring an exceptional living experience for tenants. The multifamily property at 2478 Penmar Avenue boasts a highly desirable location, just moments away from the iconic Venice Beach. Residents will enjoy easy access to the breathtaking coastline, the renowned Venice Boardwalk, and the bustling shops, cafes, and restaurants along Abbot Kinney Boulevard. This dynamic location provides a unique blend of beachside living and urban convenience, making it a coveted destination for tenants and ensuring high demand. Investors will appreciate the substantial income potential of this property. With the thriving rental market in Venice, combined with the desirability of this neighborhood, rental rates are strong, and vacancy rates are low. This makes 2478 Penmar Avenue an attractive investment option for those seeking steady cash flow and long-term appreciation. In addition to its excellent location and income potential, this multifamily property offers ample parking space, providing convenience for residents. The property also includes well-maintained common areas and landscaping, adding to the overall appeal and value. Whether you're an experienced investor looking to expand your portfolio or a discerning buyer seeking a lucrative opportunity, 2478 Penmar Avenue presents an exceptional chance to capitalize on the robust Venice real estate market. Don't miss out on this rare chance to own a prime multifamily property in one of the most desirable neighborhoods in Southern California. Contact our dedicated real estate team today to schedule a private viewing and secure your investment in this remarkable multifamily property. Act fast, as opportunities like this are in high demand and won't last long!

  • June, 2023

  • Jun 16, 2023

    Date

    Canceled

    CRMLS: TR23084649

    $8,350,000

    Price

  • May 19, 2023

    Date

    Active

    CRMLS: TR23084649

    $8,354,000

    Price

  • Listing provided courtesy of CRMLS

    Assumable Loan at 4.99% Interest Only. Introducing a prime investment opportunity in the vibrant and sought-after neighborhood of Venice, California. Presenting 2478 Penmar Avenue, a multifamily property that combines location, potential, and an impressive return on investment. Situated in the heart of Venice, this stunning property features an ideal layout with six spacious units, providing a total of eight bedrooms and eight bathrooms. With a total living space of 7,781 sf, each unit offers an abundance of natural light, contemporary finishes, and modern amenities, ensuring an exceptional living experience for tenants. The multifamily property at 2478 Penmar Avenue boasts a highly desirable location, just moments away from the iconic Venice Beach. Residents will enjoy easy access to the breathtaking coastline, the renowned Venice Boardwalk, and the bustling shops, cafes, and restaurants along Abbot Kinney Boulevard. This dynamic location provides a unique blend of beachside living and urban convenience, making it a coveted destination for tenants and ensuring high demand. Investors will appreciate the substantial income potential of this property. With the thriving rental market in Venice, combined with the desirability of this neighborhood, rental rates are strong, and vacancy rates are low. This makes 2478 Penmar Avenue an attractive investment option for those seeking steady cash flow and long-term appreciation. In addition to its excellent location and income potential, this multifamily property offers ample parking space, providing convenience for residents. The property also includes well-maintained common areas and landscaping, adding to the overall appeal and value. Whether you're an experienced investor looking to expand your portfolio or a discerning buyer seeking a lucrative opportunity, 2478 Penmar Avenue presents an exceptional chance to capitalize on the robust Venice real estate market. Don't miss out on this rare chance to own a prime multifamily property in one of the most desirable neighborhoods in Southern California. Contact our dedicated real estate team today to schedule a private viewing and secure your investment in this remarkable multifamily property. Act fast, as opportunities like this are in high demand and won't last long!

  • November, 2021

  • Nov 3, 2021

    Date

    Active

    CRMLS: TR21241171

    $4,399,000

    Price

  • Listing provided courtesy of CRMLS

    Incomparable brand new modern home recently completed in Venice! Smart home features throughout, this property is the ideal lifestyle for the Silicon Beach buyer. Boasting over 4100 sqft, the house includes 4 bedrooms 3.5 baths designed for indoor/outdoor living and entertaining. Just 5 minutes away from Abbot Kinney and Venice beachfront, enjoy all the exciting lifestyle Venice has to offer! First floor enters to a spacious in-Law Suite complete with a walk in closet and private bathroom. This could be the perfect entertainment/theater room. Second floor is complete with a beautiful open kitchen, living and dining area surrounding outdoor corridor to encompass a sophisticated indoor/outdoor modern lifestyle. Third floor with gorgeous master bedroom, amazing bathroom amenities, and 2 spacious bedrooms with a shared bath. Fourth floor consists of a private rooftop deck complete with a hot tub for your enjoyment of the city lights view. PS: One of two investment property portfolios for sale. Both properties include 2478 & 2478 1/2 Penmar can also be purchased together. Prime investmentopportunity, built-in 2019, 100% leased to a corporate tenant with a long-term lease, 3% annual increase. The tenant is responsible for all maintenance, minimal overhead, and management needed. Properties are sold AS-IS.

  • September, 2021

  • Sep 10, 2021

    Date

    Price Change

    CRMLS: TR21199277

    $4,795,000

    Price

  • Sep 9, 2021

    Date

    Active

    CRMLS: TR21199277

    $4,225,300

    Price

  • Listing provided courtesy of CRMLS

    One of two investment property portfolios for sale. Both properties include 2478 & 2478 1/2 Penmar can also be purchased together. Prime investment opportunity, built-in 2019, 100% leased to a corporate tenant with a long-term lease, 3% annual increase. The tenant is responsible for all maintenance, minimal overhead, and management needed. Properties are sold AS-IS.

  • February, 2020

  • Feb 6, 2020

    Date

    Canceled

    CRMLS: TR19221130

    $3,599,000

    Price

  • Sep 16, 2019

    Date

    Active

    CRMLS: TR19221130

    $3,599,000

    Price

  • Listing provided courtesy of CRMLS

    Incomparable brand new modern home recently completed in Venice! Smart home features throughout, this property is the ideal lifestyle for the Silicon Beach buyer. Boasting over 3600 sqft, the house includes 4 bedrooms 3.5 baths designed for indoor/outdoor living and entertaining. Just 5 minutes away from Abbot Kinney and Venice beachfront, enjoy all the exciting lifestyle Venice has to offer! First floor enters to a spacious in-Law Suite complete with a walk in closet and private bathroom. This could be the perfect entertainment/theater room. Second floor is complete with a beautiful open kitchen, living and dining area surrounding outdoor corridor to encompass a sophisticated indoor/outdoor modern lifestyle. Third floor with gorgeous master bedroom, amazing bathroom amenities, and 2 spacious bedrooms with a shared bath. Fourth floor consists of a private rooftop deck complete with a hot tub for your enjoyment of the city lights view.

  • January, 2020

  • Jan 17, 2020

    Date

    Expired

    CRMLS: TR19168936

    $14,500

    Price

  • Jan 10, 2020

    Date

    Pending

    CRMLS: TR19168936

    $14,500

    Price

  • Dec 7, 2019

    Date

    Price Change

    CRMLS: TR19168936

    $14,500

    Price

  • Oct 18, 2019

    Date

    Price Change

    CRMLS: TR19168936

    $15,999

    Price

  • Aug 7, 2019

    Date

    Price Change

    CRMLS: TR19168936

    $19,999

    Price

  • Aug 6, 2019

    Date

    Price Change

    CRMLS: TR19168936

    $19,000

    Price

  • Jul 16, 2019

    Date

    Active

    CRMLS: TR19168936

    $17,000

    Price

  • Listing provided courtesy of CRMLS

    Incomparable brand new modern home recently completed in Venice! Smart home features throughout, this property is the ideal lifestyle for the Silicon Beach buyer. Boasting over 3600 sqft, the house includes 4 bedrooms 3.5 baths designed for indoor/outdoor living and entertaining. Just 5 minutes away from Abbot Kinney and Venice beachfront, enjoy all the exciting lifestyle Venice has to offer! First floor enters to a spacious in-Law Suite complete with a walk in closet and private bathroom. This could be the perfect entertainment/theater room. Second floor is complete with a beautiful open kitchen, living and dining area surrounding outdoor corridor to encompass a sophisticated indoor/outdoor modern lifestyle. Third floor with gorgeous master bedroom, amazing bathroom amenities, and 2 spacious bedrooms with a shared bath. Fourth floor consists of a private rooftop deck complete with a hot tub for your enjoyment of the city lights view.

  • August, 2019

  • Aug 23, 2019

    Date

    Canceled

    CRMLS: TR19187460

    $3,588,000

    Price

  • Aug 22, 2019

    Date

    Price Change

    CRMLS: TR19187460

    $3,588,000

    Price

  • Aug 12, 2019

    Date

    Price Change

    CRMLS: TR19187460

    $2,876,000

    Price

  • Aug 6, 2019

    Date

    Active

    CRMLS: TR19187460

    $3,599,000

    Price

  • Listing provided courtesy of CRMLS

    Incomparable brand new modern home recently completed in Venice! Smart home features throughout, this property is the ideal lifestyle for the Silicon Beach buyer. Boasting over 3600 sqft, the house includes 4 bedrooms 3.5 baths designed for indoor/outdoor living and entertaining. Just 5 minutes away from Abbot Kinney and Venice beachfront, enjoy all the exciting lifestyle Venice has to offer! First floor enters to a spacious in-Law Suite complete with a walk in closet and private bathroom. This could be the perfect entertainment/theater room. Second floor is complete with a beautiful open kitchen, living and dining area surrounding outdoor corridor to encompass a sophisticated indoor/outdoor modern lifestyle. Third floor with gorgeous master bedroom, amazing bathroom amenities, and 2 spacious bedrooms with a shared bath. Fourth floor consists of a private rooftop deck complete with a hot tub for your enjoyment of the city lights view.

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Tax History for 2478 Penmar Ave

Assessed Value (2020): $1,281,334
Year Land Value Improved Value Assessed Value
2020 $673,117 $608,217 $1,281,334

Home Value Compared to the Market

This property vs the competition

2478 Penmar Ave is listed 47.58% higher than the median list price for the city of Venice which has a median list price of $2,400,000. The median price per/sqft for Venice is $1,226 and this home is listed at $973.08 per/sqft which puts the price per square foot 20.63% lower than the median price per square foot for the city of Venice.

About 2478 Penmar Ave

Detailed summary of property

2478 Penmar Ave is a single family home located in Venice, CA 90291 and is currently for sale. This house offers 4 bedrooms, 3.5 bathrooms, roughly 3,640 living square feet, and sits on an approximately 2,235 square foot lot. 2478 Penmar Ave was first listed on ArdentRealEstateGroup.com on June 12, 2024. The homeowner is currently asking $3,542,000. The median priced home in Venice is $2,400,000 with a median price per square foot of $1,226. Based on Ardent Real Estate Group's Venice Market Data, this home is listed 47.58% higher than the median priced home. Local competing homes currently for sale include 3530 Ocean View Ave, 3526 Ocean View Ave and 4330 Stewart Ave. While the average home in Venice, CA is selling in 98 days, 2478 Penmar Ave has a days on market of 13 days. There are currently 177 homes for sale in the Venice real estate market and 152 of them are single family homes while 16 of them are condos and 9 are townhomes. For more information on this home for sale at 2478 Penmar Ave Venice, CA 90291 contact Ardent Real Estate Group and we will put you in touch with one of our Venice agents.

Public Facts for 2478 Penmar Ave

Public county record property details
Beds
4
Baths
4
Year built
2018
Sq. Ft.
3,640
Lot Size
--
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
B
APN
4236-004-043

The source for these homes facts are from public records.

90291 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,425,000
Median List Price/Sq.Ft.
$1,249
Median Sold Price
$1,800,000
Median Sold Price/Sq.Ft.
$1,188
Total Inventory
170
Median Sale to List Price %
90.68%
Avg Days on Market
25
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (23.53%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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