2432 Penmar Avenue
2432 Penmar Avenue
$5,450,000
20
16
10,024
10,024
$544
Sold 1/13/23
Description
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...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.
- Listed by Bryan Glenn • DRE #01441095 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
Property Details for 2432 Penmar Avenue
Zoning
LARD1.5
Parcel Number4236004044
Total Units4.0
Living Area10024
Source Living AreaVendor Enhanced
AreaVenice (C11)
Vacancy Rate24462
Lot Size Area5534
Location
LISTING UPDATED: 01/17/2023 04:46 PM
Property Details for 2432 Penmar Avenue
Status | Sold |
---|---|
MLS # | 22-181089 |
Days on Market | 84 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2018 |
Lot Size | 0.13 AC / 5,534 SF |
County | Los Angeles County |
Location
Building Information for 2432 Penmar Avenue
Stories4Residences-Year Built2018Building Size-Lot Size0.13 AC / 5,534 SF
Payment Calculator
$29,743 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2432 Penmar Avenue
Property History for 2432 Penmar Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2432 Penmar Avenue
Taxable ValueLand$1,514,335Additions$1,623,268Total$3,137,603
Home Facts
Total Finished SqFt10,024 SqFtAbove Grade Finished SqFt10,024 SqFtLot Size6,036 SqFtStyleDuplexYear Built2018Year Renovated2018ZoningLARD1.5CountyLOS ANGELESAPN4236004007
Schools near 2432 Penmar Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Beethoven Street Elementary School PublicK to 5 | ||
Venice Senior High School Public9 to 12 | ||
Phoenix Continuation School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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