RateMyAgentGo to search
Back 2200 Penmar Avenue
Off Market

2200 Penmar Avenue

Los Angeles CA 90291

4
3
1
2054 sq. ft.
4541 sq. ft.
Other
Last sold for $1,400,000
Michael StermanMichael Sterman, last sold this property on 08 September 2025 after 83 days on market.

Overview

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.

Features

4 bedrooms
3 bathrooms
1 carspace
1 garage space
2054 sq. ft. floor area
4541 sq. ft. lot size
Other

Estimated Value

Based on this property and similar 4 bedroom other properties sold in Los Angeles over the last 12 months, the estimated median property value of 2200 Penmar Avenue is $1.61m.

Median value
$1.61m
Estimated value range
$1.15m - $2.6m
Median days on market
51
Estimated value trend
-22%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Los Angeles. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2200 Penmar Avenue

2025
Sold
$1,400,000
08 Sep 2025 by Michael Sterman, of Marcus & Millichap

Happy sellers in Los Angeles

52%
52% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Los Angeles over the last 12 months.

Local market activity for 4 bedroom other properties in Los Angeles

In the last 12 months, 14 four-bedroom other properties similar to 2200 Penmar Avenue, have been sold.

This represents a 7% decrease in four-bedroom other properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Los Angeles

placeholder
Elizabeth Clay

Elizabeth Clay is a recommended agent for Los Angeles.  They have 4 local sales and collected 4 local reviews across the last 12 months.

  •   5   (16 reviews)
  •  4 Reviews in Los Angeles
  •  4 Sales in Los Angeles
View profile
placeholder
Kerry Ann Sullivan

Kerry Ann Sullivan is a recommended agent for Los Angeles.  They have 6 local sales and collected 2 local reviews across the last 12 months.

  •   5   (16 reviews)
  •  2 Reviews in Los Angeles
  •  6 Sales in Los Angeles
View profile
placeholder
Matt Freeman

Matt Freeman is a recommended agent for Los Angeles.  They have 6 local sales and collected 1 local review across the last 12 months.

  •   4   (1 review)
  •  1 Review in Los Angeles
  •  6 Sales in Los Angeles
View profile
placeholder
Adam Seid

Adam Seid is a recommended agent for Los Angeles.  They have 6 local sales and collected 1 local review across the last 12 months.

  •   5   (1 review)
  •  1 Review in Los Angeles
  •  6 Sales in Los Angeles
View profile
or
Skip the list and find your ideal agent to sell your propertyFind My Agent
RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap