2319 Penmar Avenue

Active

2319 Penmar Avenue, Venice, CA 90291

$5,199,000
 for Sale at 2319 Penmar Avenue, Venice, CA 90291

70

 for Sale at 2319 Penmar Avenue, Venice, CA 90291
 for Sale at 2319 Penmar Avenue, Venice, CA 90291
 for Sale at 2319 Penmar Avenue, Venice, CA 90291
$5,199,000
4
Beds
5
Baths
Half Bath
4,360
Ft²
$1,192
$/ft²
0.12
Acres
Cap Rate
Est. Monthly
Cap Rate
Est. Monthly
$25,528
it's a GOLD MINE! Everything is newer and comparables are on target! The value of this home will only go up long term! Don't pass on this fantastic home in the famed Venice Beach! This rare home is situated in the center of everything, in a highly sought-after area. The property is a two-story home on a 5,400+ square foot lot that is zoned LARD3. Bring your dreams to life by owning this beautiful home! There is also a detached garage with an additional room. Tucked away in a peaceful area, only a short bike ride from "The Linc," and close to the beach! CALL OR TEXT LA AND SUBMIT POF AND APPROVALS BEFORE SHOWING! GO DIRECT!

The manager...

LISTING AGENT


Building Info

Overview

This property was built in 2018.

General

  • Year Built

    2018
  • Actual Year Built

    2018
  • Total Rooms

    0.00
  • Bedroom Count

    4
  • Bathroom Count

    5.00
  • Full Bathrooms

    5.00
  • Partial Bathrooms

    0.00
  • Bathroom Fixture Number

    0.00
  • Building Condition

    0
  • Building Quality

    2
  • Construction Type

    -
  • Building Style

    -
  • Exterior Walls Type

    -
  • Interior Walls Type

    -
  • Roof Shape Type

    -
  • Roof Cover Type

    -
  • Business/Commerical Units Count

    0.00
  • Floor Cover

    -
  • Basement Type

    -
  • Basement Area

    0.00
  • Garage Type

    -
  • Garage Square Area

    0.00
  • Parking Space Count

    0.00
  • Patio Type

    -
  • Porch Type

    -
  • Pool Type

    -

Dimensions

  • Lot Size Square Feet

    5,406
  • Lot Size Depth Feet

    0
  • Total Building Area

    4,360
  • Gross Building Area

    0.00
  • Building Area

    4,360
  • Building Area Source

    L

Heating

  • Fireplace Count

    0.00
  • Air Conditioning Type

    -
  • Heat Code

    -
  • Heated Square Feet

    4,360
  • Heating Fuel Type

    -

Codes

  • Sewer System

    -
  • Water Service Type

    -

Building

Building codes and types
  • Building Type

    -
  • Property Class ID

    -
  • Land Acres

    0.124
  • Standard Land Use Code

    -
  • County Land Use Code

    0100
  • Legal Description 1

    TRACT # 2592 LOT 18

Neighborhood

Community district, city council district, police precinct, and more.
  • School District Name

    Los Angeles Unified School District
  • Census Tract

    273700

Zoning

The zoning code for this property is LARD3.
  • Zoning

    LARD3

Geography

The property is located in zip code 90291.
  • Subdivision Tract Number

    2592
  • Parcel

    4242-002-016
  • Block

  • Lot

    18
  • Municipality

    LOS ANGELES
  • Latitude

    33.9956
  • Longitude

    -118.452

Address

  • Full Address

    2319 Penmar Ave
  • Address - House Number

    2319
  • Address - Street Name

    Penmar
  • Address - Suffix Type

    Ave
  • State

    CA
  • City Name

    Venice
  • Carrier Code

    C010
  • 4-Digit Zip Code

    4062
  • Zip Code

    90291

Valuation

The assessed value of this property is $4,830,500.
  • Timestamp

    Jan 04, 2022
  • UCID Flag

    U
  • Total Area

    0.00
  • Standard Deviation

    0

Tax

  • Tax Year

    2021
  • Tax Amount

    $57,234
  • Intital Tax Deliquent Year

    2019
  • Tax Rate Code Area

    0-067

Open Liens

  • Total Open Liens

    1
  • Total Open Liens Amount

    $2,000,000

Market Valuation

  • Market Total Value

    $0
  • Market Land Value

    $0
  • Market Improvement Value

    $0

Appraisal Valuation

  • Valuation Date

    Dec 29, 2021
  • Confidence Score

    96
  • Final Value

    3,993,278
  • High Value

    4,257,551
  • Low Value

    3,729,005

Assessments Valuation

  • Assessed Year

    2021
  • Assessed Total Value

    $4,830,500
  • Assessed Land Value

    $4,000,000
  • Assessed Improvements Value

    $830,500

Sales

  • Current Sale Contract Date

    20171115
  • Current Sale Recording Date

    20171206
  • Current Sale Transaction ID

    11330431149
  • Current Sales Price

    $2,175,000
  • Current Sale Document Type

    -
  • Current Sale Input Document Number

    17-1412389
  • Sale Date

    20170713
  • Previous Sale Contract Date

    20170711
  • Previous Sale Type of Sales Price

    -
  • Sale Amount

    $1,925,000
  • Previous Sale Document Type

    69

Mortgages

  • First Current Mortgage Lender

    HPS VENTURES LLC
  • First Current Mortgage Transaction Date

    20171206
  • First Current Mortgage Loan Amount

    $1,500,000
  • First Current Mortgage Terms

    15
  • First Current Mortgage Loan Type

    -
  • First Current Mortgage Loan Due Date

    20190401
  • Second Current Mortgage Loan Amount

    $0
  • Second Current Mortgage Terms

    0

Open Lien Mortgages

  • First Open Lien Mortgage Lender

    BANK OF THE WEST
  • First Open Lien Mortgage Recording Date

    20200716
  • First Open Lien Mortgage Financing Type

    -
  • First Open Lien Mortgage Loan Amount

    $2,000,000
  • First Open Lien Mortgage Term

    360
  • First Open Lien Mortgage Interest Rate Type

    Y
  • First Open Lien Mortgage Position

    1
  • First Open Lien Mortgage Loan Type

    -
  • First Open Lien Mortgage Loan Due Date

    20500601
  • Second Open Lien Mortgage Loan Amount

    $0
  • Second Open Lien Mortgage Term

    0
  • Second Open Lien Mortgage Position

    0
  • Third Open Lien Mortgage Loan Amount

    $0
  • Third Open Lien Mortgage Term

    0
  • Third Open Lien Mortgage Position

    0
  • Fourth Open Lien Mortgage Loan Amount

    $0
  • Fourth Open Lien Mortgage Term

    0
  • Fourth Open Lien Mortgage Position

    0

Previous Mortgages

  • Previous Mortgage Loan Amount

    $0
  • Previous Mortgage Term

    0

Building Features

Driveway

Driveway

Community Features

Swimming Pool

Swimming Pool

Home Features

HVAC

Central A/CFurnace

Ownership

Current Owner

2319 Penmar Llc

Previous Owner

Hps Ventures Llc

Price History

Date/EventEventPrice
Mar 11, 2023 Listed by MARQUI RealtyListed by MARQUI Realty$5,199,000

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$104,400
ExpensesPer Year
$0
Operating ProfitPer Year
$104,400
Cap rate
2.01%

Price Estimate

$6,043,000$5,269,785$4,496,571
20232024202520262027
Current Asking Price

$5,199,000

HopScore Market Price

$5,269,785

The current asking price is $70,785.62 below the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges
Active
House
4
3.5
3,473 ft²
$1,237/ft²
$4,295,000
Active
House
4
2
2,608 ft²
$2,260/ft²
$5,895,000
Active
House
3
3.5
3,148 ft²
$1,350/ft²
$4,250,000
In Contract
House
7
6.5
4,650 ft²
$978/ft²
$4,550,000
Active
House
2
2
1,440 ft²
$4,094/ft²
$5,895,000

Payment Calculator



Neighborhood

About East of Lincoln

Stats & Trends

The median asking price in East of Lincoln is $1,800,000.
  • Median Asking

    $1,800,000
  • Sale Price/ft²

    $946.50
  • Below Asking

    0.02%
  • Days on Market

    56

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2319 Penmar Avenue has been categorized by the local assessors in Venice, CA as a unknown type of property. The building on the property was first built in 2018 and is 5 years old. The home has a total of 0 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 5 full bathrooms and unclear on the number of partial bathrooms in the property. In addition, 2319 Penmar Avenue has 4,360 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,406 square feet.

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2319 Penmar Avenue, Venice, CA 90291


Frequently Asked Questions

What neighborhood is 2319 Penmar Avenue located in?
The 2319 Penmar Avenue is a located in the neighborhood of East of Lincoln in West Los Angeles, Venice.
How many units are currently for sale in 2319 Penmar Avenue?
2319 Penmar Avenue has a total of 1 units in the building. There are one units for sale right now.
What is the average sales price for units in 2319 Penmar Avenue?
The average sales price for units in 2319 Penmar Avenue is $5,199,000, or $1,192/sqft.
How long on average are units in 2319 Penmar Avenue on the market?
Units in 2319 Penmar Avenue are usually on the market for an average of 21 days with an average asking price of $5,199,000.

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