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2480 Penmar Avenue 2, Venice, California 90291, Venice, 90291 - 2 bed, 3 bath

2480 Penmar Avenue 2, Venice, California 90291 home-pic-0
ACTIVE$799,000
2480 Penmar Avenue 2, Venice, California 90291
2Beds
3Baths
1,261Sqft
8,863Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Westside Location: Situated in Venice, offering convenient access to Venice Beach, Marina del Rey, and a vibrant array of Westside shopping, dining, and entertainment.
Top Cons:
Monthly HOA Fees: The property is subject to a monthly association fee of $270, which adds to the overall cost of ownership.

Compared to the nearby listings

Price:$799.0K vs avg $1.16M ($-356,000)5%
Size:1,261 sqft vs avg 1,253 sqft50%
Price/sqft:$634 vs avg $1.0K5%

More Insights

Built in 1982 (43 years old).
Condition: This property, built in 1982, has undergone a significant and 'beautiful' renovation as stated in the description, which is well-supported by the images. The kitchen features modern white shaker cabinets, stainless steel appliances, dark countertops, and a contemporary tile backsplash, all appearing to be in excellent condition. Bathrooms also show updated vanities, dark countertops, and modern fixtures. The consistent hardwood-look flooring throughout the living areas and bedrooms, along with the modern stacked washer/dryer, contribute to a fresh and move-in ready feel. While the visible updates are extensive and of good quality, suggesting a renovation within the last 5-15 years, the underlying structure and some elements like the brick fireplace and potentially windows are consistent with the original 1982 build. Therefore, it meets the criteria for 'Good' as it's move-in ready with no immediate renovation required, and major systems appear functional and well-maintained, even if not every single component is brand new.
Year Built
1982
Close
-
List price
$799K
Original List price
$899K
Price/Sqft
$634
HOA
$270
Days on market
-
Sold On
-
MLS number
25598955
Home ConditionGood
Features
Deck
Spa
View-

About this home

Bright, spacious, and beautifully renovated, this 2-bedroom, 2.5-bathroom plus loft townhome is a must-see! The open kitchen, featuring all stainless-steel appliances, opens to a large living space with a cozy fireplace and sliding glass doors to a balcony offering treetop views.Both bedrooms feature en-suite bathrooms for added comfort and privacy, with a convenient powder room located downstairs for guests. The primary suite showcases soaring ceilings, a versatile loft, and its own private balcony and in unit washer and dryer. Step out the front door to a spacious common area, perfect for morning coffee or al fresco dining. The community also offers a larger shared common area, ideal for gatherings or relaxing outdoors. This intimate, gated enclave of just five townhomes is beautifully maintained and features a spa in a lush garden setting. Additional amenities include two tandem parking spaces and a private storage room in the garage.Ideally located near Lincoln and Washington, you'll be within easy reach of Venice Beach, Marina del Rey, and all the shopping, dining, and entertainment the Westside has to offer. *Property has been virtually staged.

Price History

Date
Event
Price
11/26/03
Sold
$358,000
Condition Rating
Good
This property, built in 1982, has undergone a significant and 'beautiful' renovation as stated in the description, which is well-supported by the images. The kitchen features modern white shaker cabinets, stainless steel appliances, dark countertops, and a contemporary tile backsplash, all appearing to be in excellent condition. Bathrooms also show updated vanities, dark countertops, and modern fixtures. The consistent hardwood-look flooring throughout the living areas and bedrooms, along with the modern stacked washer/dryer, contribute to a fresh and move-in ready feel. While the visible updates are extensive and of good quality, suggesting a renovation within the last 5-15 years, the underlying structure and some elements like the brick fireplace and potentially windows are consistent with the original 1982 build. Therefore, it meets the criteria for 'Good' as it's move-in ready with no immediate renovation required, and major systems appear functional and well-maintained, even if not every single component is brand new.
Pros & Cons

Pros

Prime Westside Location: Situated in Venice, offering convenient access to Venice Beach, Marina del Rey, and a vibrant array of Westside shopping, dining, and entertainment.
Modern & Renovated Interior: Features a beautifully renovated, bright, and spacious layout with an open kitchen, stainless steel appliances, and soaring ceilings, providing a contemporary living experience.
Exclusive Gated Community: An intimate, well-maintained gated enclave of only five townhomes, offering enhanced privacy, security, and shared amenities including a spa in a lush garden setting.
Functional Layout with En-Suites & Loft: Thoughtfully designed with 2 bedrooms, 2.5 bathrooms, including en-suite bathrooms for both bedrooms, a versatile loft space, and convenient in-unit laundry.
Dedicated Parking & Storage: Includes practical amenities such as two tandem parking spaces and a private storage room within the garage, adding significant value and convenience.

Cons

Monthly HOA Fees: The property is subject to a monthly association fee of $270, which adds to the overall cost of ownership.
Lack of Significant Views: Despite some 'treetop views' from a balcony, the property explicitly states 'view: None,' indicating a lack of expansive or notable scenic vistas.
Recent Price Reduction: A recent price drop from $899,000 to $799,000 may suggest initial overpricing or a longer time on market than anticipated, potentially impacting buyer perception.

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