$1,400,000
SOLD SEP 8, 2025

2200 Penmar Ave Venice, CA 90291

Venice Neighborhood
4 Beds
3 Baths
2,054 Sq Ft
4,541 Sq Ft Lot

Recently Sold

$682 Per Sq Ft

6% Below List Price

46 Days on Market

Highlights

  • 1-Story Property
  • Beethoven Street Elementary School Rated 9+
  • Garage

About This Home

As of September 2025

We are pleased to present 2200 Penmar Ave a charming 3-unit apartment building located in the heart of Venice, one of Los Angeles' most desirable coastal neighborhoods. Built in 1949, the property features (2) one-bedroom + one-bath units and (1) two-bedroom + one-bath unit, totaling approximately 2,054 square feet of rentable space on a 4,545 square foot lot. All units are equipped with in-unit washer and dryers, providing added convenience and appeal to tenants. Additionally, two of the units come with their own private garage parking and outdoor patios ideal for enjoying the Venice beach lifestyle. One unit will be delivered vacant at the close of escrow, offering an excellent opportunity for an owner-user or investor seeking to capitalize on immediate rental upside in a supply-constrained market. Tucked away on a quiet residential street, 2200 Penmar offers tenants the perfect blend of tranquility and accessibility. Just minutes from the iconic Abbot Kinney Boulevard, Venice Beach, and a wide array of shopping, dining, and entertainment options, the location is second to none. Easy access to Lincoln Blvd, Venice Blvd, and major freeways ensures smooth connectivity to Santa Monica, Culver City, and beyond.2200 Penmar Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 4.13% with the ability to improve to a 4.67% CAP rate once units turnover.

Last Agent to Sell the Property

Michael Sterman

Marcus & Millichap License #01911703 Listed on: 06/15/2025

Co-Listed By

Michael Kamara

Lyon Stahl Investment Real Estate, Inc. License #02062158

Last Buyer's Agent

Hongchul Chun

WIN Realty & Properties License #01799920

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,874

Year Built

  • Built in 1949

Parking

  • Garage

Interior Spaces

  • 2,054 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • 4,541 Sq Ft Lot
  • Window Unit Cooling System

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4242-029-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,874

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 2054
  • Lot Acreage: 0.1042
  • Year Built: 1949
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 727.85

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage

Utilities

  • Cooling: Window Unit(s)

Lot Info

  • Assessed Improvement Percent: 12.59
  • Assessed Improvement Value: 173057
  • Assessed Land Percent: 87.41
  • Assessed Land Value: 1201823
  • Total Assessed Value: 1374880
  • Assessor Parcel Number: 4242-029-017
  • Lot Size Area: 4541

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.48
  • Number Of Units: 3
  • Total Annual Expense: 32009
  • Type Of Units: Apartments
  • Vacancy Rate: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2025
Closed on
Aug 7, 2025
Sold by
2601 & 2200 Tucker Properties Llc
Bought by
Cho Ik Jun
Seller's Agent
Michael Sterman
Marcus & Millichap
Buyer's Agent
Hongchul Chun
WIN Realty & Properties
List Price
$1,495,000
Sold Price
$1,400,000
Premium/Discount to List
-$95,000
-6.35%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
651.63%
Original Mortgage
$500,000
Outstanding Balance
$499,559
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$987,774

Purchase Details

Closed on
Mar 14, 2018
Sold by
Viskovich Tait
Bought by
2601 & 2200 Tucker Properties Llc

Purchase Details

Listed on
Jun 12, 2013
Closed on
Aug 19, 2013
Sold by
Horibe Patricia
Bought by
Viskovich Paul and Kezar Adrianna
Seller's Agent
Lee Amitai
Power Brokers
Buyer's Agent
Bryce Lowe
Christie's International Real Estate SoCal
List Price
$1,099,000
Sold Price
$1,144,466
Premium/Discount to List
$45,466
4.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.20%
Original Mortgage
$500,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2008
Sold by
Carver Ruth
Bought by
Carver Ruth J and Ruth J Carver Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 1998
Sold by
Carver Ruth J
Bought by
Carver Ruth J and The Ruth J Carver Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.06%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,400,000 Old Republic Title Company
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $1,144,000 Equity Title Company
Interfamily Deed Transfer -- Ticor Title Company
Interfamily Deed Transfer -- Ticor Title Co Brea Branch
Interfamily Deed Transfer -- North American Title
Interfamily Deed Transfer -- North American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 New Conventional
Previous Owner $500,000 New Conventional
Previous Owner $400,000 New Conventional
Previous Owner $270,000 New Conventional
Previous Owner $220,000 Stand Alone First
Previous Owner $105,000 Unknown
Previous Owner $135,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2025 09/08/25 Sold $1,400,000 -6.4% $682 / Sq Ft
07/31/2025 07/31/25 Pending -- -- --
06/15/2025 06/15/25 For Sale $1,495,000 +30.6% $728 / Sq Ft
09/11/2013 09/11/13 Sold $1,144,466 +4.1% $557 / Sq Ft
08/15/2013 08/15/13 Pending -- -- --
06/12/2013 06/12/13 For Sale $1,099,000 -- $535 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,874 $1,402,377 $1,225,859 $176,518
2024 $16,874 $1,374,880 $1,201,823 $173,057
2023 $16,550 $1,347,922 $1,178,258 $169,664
2022 $15,784 $1,321,493 $1,155,155 $166,338
2021 $15,589 $1,295,582 $1,132,505 $163,077
2019 $15,123 $1,257,156 $1,098,915 $158,241
2018 $15,028 $1,232,507 $1,077,368 $155,139
2016 $14,375 $1,184,650 $1,035,534 $149,116
2015 $14,165 $1,166,857 $1,019,980 $146,877
2014 $14,222 $1,144,000 $1,000,000 $144,000
Source: Public Records

Agents Affiliated with this Home

  • Michael Sterman

    Seller's Agent in 2025

    Michael Sterman

    Marcus & Millichap

    (818) 943-2319

    1 in this area

    34 Total Sales

    Michael Sterman
    Section Image
  • Michael Kamara

    Seller Co-Listing Agent in 2025

    Michael Kamara

    Lyon Stahl Investment Real Estate, Inc.

    (310) 666-5837

    1 in this area

    7 Total Sales

    Michael Kamara
    Section Image

  • H

    Buyer's Agent in 2025

    Hongchul Chun

    WIN Realty & Properties

    (213) 738-8949

    1 in this area

    4 Total Sales

    Hongchul Chun
    Section Image
  • Lee Amitai

    Seller's Agent in 2013

    Lee Amitai

    Power Brokers

    (310) 749-1486

    21 Total Sales

    Lee Amitai
    Section Image
  • Roni Amitai

    Seller Co-Listing Agent in 2013

    Roni Amitai

    Power Brokers

    (310) 713-5409

    19 Total Sales

    Roni Amitai
    Section Image
  • Bryce Lowe

    Buyer's Agent in 2013

    Bryce Lowe

    Christie's International Real Estate SoCal

    (424) 303-1751

    45 Total Sales

    Bryce Lowe
    Section Image
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Map

Source: The MLS

MLS Number: 25552661

The MLS

APN: 4242-029-017

California Los Angeles County Venice 90291 Venice

2200 Penmar Ave, Venice, CA

This home is located at 2200 Penmar Ave, Venice, CA 90291 and is currently priced at $1,400,000, approximately $681 per square foot. This property was built in 1949. 2200 Penmar Ave is a home located in Los Angeles County with nearby schools including Beethoven Street Elementary School, Mark Twain Middle School, and Venice High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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