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

2480 Penmar Avenue 2, Venice, California 90291 home-pic-0

2480 Penmar Avenue 2

Venice, California 90291

ACTIVE
CONDITION: GOOD
2Beds
3Baths
1,261Sq Ft
8,863Lot Size

Property Price

LIST PRICE$799,000

SUMMARY

Analysis of 2480 Penmar Avenue 2, Venice, California 90291 is currently available with a list price of $799,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Venice Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

Built in 1982, this townhome has been 'beautifully renovated' as stated in the description, which is strongly supported by the images. The kitchen features modern white cabinetry, dark granite countertops, a contemporary backsplash, and all stainless-steel appliances that appear new. Bathrooms also show updated vanities and fixtures. Flooring throughout the living areas and bedrooms is a consistent, well-maintained hardwood/laminate. While the exterior architecture reflects its 1980s build, the interior is move-in ready with significant updates, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Westside Location

    Ideally situated near Lincoln and Washington, offering easy access to Venice Beach, Marina del Rey, and the vibrant shopping, dining, and entertainment of the Westside.

  • Modern & Renovated Interior

    Bright, spacious, and beautifully renovated with an open kitchen featuring stainless-steel appliances, a cozy fireplace, and soaring ceilings in the primary suite.

  • Exclusive Community & Amenities

    Part of an intimate, gated enclave of just five townhomes, beautifully maintained with a community spa in a lush garden setting and shared common areas.

CONSRISKS & DEFICIENCIES

  • Modest Interior Space

    At 1261 square feet, the living space may be considered limited for some buyers, particularly for a townhome in this desirable area.

  • Lack of Significant Views

    Despite a balcony, the property explicitly states 'view: None,' which may disappoint buyers seeking panoramic or notable scenic vistas.

  • Ongoing Association Fees

    The monthly association fee of $270 adds to the recurring cost of ownership, which is a factor for budget-conscious buyers.

About 2480 Penmar Avenue 2

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.

Property Details

Public Facts

Property Type
Condominium
Year Built
1982
Lot Size
8,863 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$270.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths3.02.0
78%
Square foot1,2611,224.5
61%
Lot Size8,8639,483.5
50%
Price$799.0K$1.01M
11%
Price per sq ft$634$977
11%
Built year19821989
39%
HOA$270.0$570
11%
Days on market156181
39%

Pricing History

Listed for Sale

Oct 22, 2025

$799,000

$899,000

-11% Price Drop

Initial Listing

Price Change

Oct 1, 2025

$899,000

Initial Listing

Sold

Nov 26, 2003

$358,000

Public Record

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