tomo logo

$3,950,000

Beds
4
Baths
3.5
sq ft
3,640

2478 Penmar Ave, Venice, CA 90291

2478 Penmar Ave

Venice, CA 90291

  • 5 days on market
Experience the best of Venice living in this stunning, high-quality new construction built in 2019. Showcasing a sleek modern design with concrete floors, steel frames, and energy-efficient solar, this 3-story single-family home offers the perfect blend of style and sustainability. Boasting 4 spacious bedrooms and 3.5 bathrooms across approximately 3,600 square feet, every detail has been carefully considered from the open-concept living spaces to the sunlit courtyards that bring the outdoors in. Entertain on the expansive rooftop deck complete with a hot tub, while the steel framing and concrete floors provide both durability and a contemporary industrial-chic aesthetic. Thoughtfully designed courtyards infuse the home with abundant natural light, and feature a fire pit. The prime location places you just steps from trendy shops, renowned restaurants, and the beach embracing all the eclectic charm Venice has to offer. Note: There is an existing tenant in place until April 2025, but the property can be delivered vacant, offering ultimate flexibility for new owners or investors. The property can also be delivered with a tenant paying rent if an investor prefers. In addition, a similar, slightly larger property is also available for purchase (MLS#: 25-484911), and both properties can be acquired together for $7.9M a rare opportunity to expand your real estate portfolio in one of Los Angeles' most sought-after neighborhoods.

Details

Property type

Single Family Residence

Est. home value

$4,817,047

Lot size

2,235 sq ft

Price per sq ft

$1,086

Year built

2019

HOA

No

Price History

01/17/2025
CLAW

CLAW #25484797

Listed
$3,950,000
+11.52%
08/21/2024
CRMLS

CRMLS #TR24116595

Removed
$3,542,000
06/12/2024
CRMLS

CRMLS #TR24116595

Listed
$3,542,000
+175.96%

Schools & Community

Neighborhood: 

Venice

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Civic Financial Services Llc

Loan start date

April 2022

Original loan amount

$4,999,000

Est. remaining balance

Not provided

Interest rate

3.89%

Loan type

Commercial, 30 year

Seller

Penmar Residence Venice Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/22/2025 at 1:55 PM

Listing updated: 01/20/2025 at 5:35 PM

Listed by: Shelby Church, RealiFi Realty, Inc. Phone #: (909) 855-6151

MLS: CLAW #25484797

CLAW logo

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