2416 Penmar Avenue, Venice, California 90291, Venice, 90291 - 3 bed, 4 bath
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Venice, California 90291
This Modern Architectural Residence is a Prime Investment Opportunity, listed at $2,150,000—positioned well below the $2,230,082 Fair Market Value by 3%. This valuation gap offers $80,082 in Instant Equity. Boasting a Mint Condition Rating, this 2021 build features a gourmet kitchen with marble countertops, Fleetwood glass doors, and a top-level terrace with mountain views. Located in the heart of Silicon Beach, this turnkey property balances financial upside with coastal luxury. It is an ideal acquisition for Owner-Occupants or Lifestyle-Driven Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2416 Penmar Avenue Subject | $2,150,000* List Price | 3 | 4 | 2,424 | $920 | - |
A 2515 Lincoln Boulevard Active | $2,699,000 List Price | 3 | 3 | 3,000 | $900 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2021, this property is less than 10 years old and in mint condition. It features a high-end gourmet kitchen with GE Monogram appliances and marble countertops, modern spa-like bathrooms with travertine tile, and contemporary systems including a water filtration system and integrated sound.
Built in 2021, this architectural home features high-end contemporary finishes, including Fleetwood sliding glass doors, wide-plank oak floors, and a gourmet kitchen with marble countertops, offering a turnkey luxury experience.
Ideally situated in a highly sought-after Venice neighborhood, the property is just blocks away from the vibrant shopping and dining on Abbot Kinney Boulevard and the iconic Venice Beach.
The residence maximizes coastal living with multiple outdoor areas, including a generous entertaining balcony, a lush ground-level courtyard, and a primary suite terrace with sweeping city and mountain views.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1380, living area = 2424.
With a lot size of only 1,380 square feet, the property offers very limited private yard space, which may be a drawback for buyers seeking traditional outdoor acreage.
The multi-level architectural design necessitates frequent use of stairs to access the various living zones and bedrooms, which may not suit all lifestyles or accessibility needs.
Modern architectural home in the heart of Venice's Silicon Beach offering 3 bedrooms, 4 bathrooms, and 2,424 square feet of thoughtfully designed living space. Built in 2021, this multi-level residence blends contemporary design with effortless indoor-outdoor living just blocks from Abbot Kinney Boulevard and the beach. Bright and airy interiors showcase high ceilings, wide-plank oak floors, and expansive walls of glass that invite in abundant natural light and ocean breezes. The main living level is ideal for entertaining, featuring an open-concept layout with a spacious living room, dining area, powder room, and a gourmet kitchen appointed with custom cabinetry, marble countertops, and premium GE Monogram appliances. Fleetwood sliding glass doors create a seamless transition to a generous balcony, ideal for dining al fresco or hosting gatherings. The flexible floor plan includes three well-appointed bedrooms, each paired with beautifully finished bathrooms, offering comfort and versatility for a range of lifestyles. The top-level primary suite serves as a private retreat, complete with a walk-in closet and an expansive terrace capturing sweeping city and mountain views. The spa-inspired en suite bathroom features dual vanities and a glass-enclosed shower finished with travertine tile. A versatile ground-level living space opens to a lushly landscaped courtyard, providing a serene setting that can easily function as a media room, gym, or private home office. Additional highlights include integrated surround sound, a water filtration system, and a convenient upper-level side-by-side laundry area. Ideally located in one of Venice's most sought-after neighborhoods, this home is just moments from the shops, dining, and vibrant energy of Abbot Kinney, as well as the iconic Venice Beach. A rare opportunity to own a newer construction residence that embodies the best of coastal California living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 71% |
| Square foot | 2,424 | 1,910.5 | 63% |
| Lot Size | 1,380 | 4,232 | 1% |
| Price | $2.15M | $2.31M | 46% |
| Price per sq ft | $887 | $1.3K | 10% |
| Built year | 2021 | 1948 | 95% |
| HOA | $85.0 | $0 | 99% |
| Days on market | 30 | 165 | 1% |
May 7, 2026
$2,150,000
Initial Listing
Nov 8, 2022
$1,900,000
Public Record