2432 Penmar Ave, Venice, CA 90291

$5,750,000
20
BD
16
BA
10,024
SqFt
List Price
$5,750,000
Price Change
▼ $500,000 1663039218
MLS#
22-181089
Year Built
2018
Bedrooms
20
Bathrooms
16
Living Sq. Ft
10,024
Lot Size
5,534
Days on Market
84
Property Type
Multifamily
Stories
4

Property 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 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.

Additional Information

Other Buildings
None
Heat
Central
Cooling
Central
Number of Cars in Garage
Community Garage, Controlled Entrance, Covered Parking
Garage Spaces Total
8

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of , Bryan Glenn - CA DRE#

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