2478 Penmar Avenue, Venice, California 90291, Venice, 90291 - 4 bed, 4 bath

2478 Penmar Avenue, Venice, California 90291 home-pic-0
ACTIVE$3,950,000
2478 Penmar Avenue, Venice, California 90291
4Beds
4Baths
3,640Sqft
2,235Lot
Year Built
2019
Close
-
List price
$3.95M
Original List price
$3.95M
Price/Sqft
$1,085
HOA
-
Days on market
-
Sold On
-
MLS number
25484797
Home ConditionExcellent
Features
Good View: City Lights, Courtyard
Deck
Spa
Patio
ViewCity Lights,Courtyard

About this home

Possibly Over-Priced:The estimated price is 3% below the list price. We found 4 Cons,5 Pros. Rank: price - $3.95M(91th), sqft - 3640(91th), beds - 4(63th), baths - 4(76th).

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.

Condition Rating
Excellent

This property was built in 2019, making it only 5 years old and qualifying as newly built. The description highlights 'high-quality new construction,' 'sleek modern design,' 'concrete floors,' 'steel frames,' and 'energy-efficient solar.' The images confirm a pristine, contemporary aesthetic throughout, including a modern kitchen with high-end appliances and stylish bathrooms. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Modern New Construction: Built in 2019, this high-quality home features a sleek modern design with durable concrete floors and steel frames.
Premier Venice Location: Situated just steps from trendy shops, renowned restaurants, and the beach, offering an unparalleled Venice lifestyle.
Exceptional Outdoor Entertainment: Boasts an expansive rooftop deck with a hot tub and sunlit courtyards with a fire pit, ideal for entertaining.
Sustainable & Energy-Efficient: Equipped with energy-efficient solar, promoting sustainability and potentially reducing utility expenses.
Flexible Ownership Options: Offers flexibility for new owners or investors, with an option for vacant delivery or continued rental income, and a rare opportunity to acquire an adjacent property.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2235, living area = 3640.
Compact Lot Size: The 2,235 sqft lot is relatively small for a single-family home of this size, offering limited traditional outdoor yard space.
Delayed Occupancy for Owner-Users: An existing tenant until April 2025 means owner-occupants face a waiting period for immediate move-in.
Niche Architectural Style: The industrial-chic aesthetic, while distinctive, may appeal to a specific buyer segment, potentially narrowing the overall market.

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