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$1,575,000   Price Analysis
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2031 Penmar Ave
Venice, CA 90291
2 bed 2 bath 988 SqFt ($1594/SqFt)
4,467SqFt lot. Built 1923
Listed 2024-05-17, Taxes $3,279
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

This 1923 Spanish bungalow with a detached guest house packs the charm

* Has Contingent Offer *

Venice-style. First time on the market in nearly 30 years, this sweet 2 bedroom/1 bath bungalow with a detached guest house in a quiet pocket of Venice has been lovingly and meticulously maintained while still retaining the original character with built-in dining room, hallway and kitchen cabinetry and casement windows that flank the wood-burning fireplace (see remarks) which open out to the garden, allowing the alluring tropical scents of Venice to waft in. The fully gated, low-maintenance front yard has three orange trees and plenty of room to carve out lounge and entertaining areas, plus a open shaded front porch. Original built-ins throughout provide sought-after storage. The spacious kitchen and back bedroom share a wood deck that steps out to the private backyard with a lemon, fig and pink orchid tree with room to create another entertaining area, your dream garden or whatever your heart desires. In addition, there is a studio guest house, complete with a kitchenett e and a 3/4 bath that was previously rented out on Airbnb. The long driveway/carport can park three smaller cars or 2 1/2 big cars. There are splits in the living room and one bedroom of the main house which effectively cool the whole house on the hottest days. The roomy kitchen comes with a refrigerator, stove and dishwasher and beyond that, a washer and dryer. The sewer line was replaced from house to street connection. Copper plumbing in main house. Main house roof, mini-splits and water heater are approx. two years old. Foundation has been bolted. Move in and live comfortably as-is, remodel or investigate the development potential. Whatever your needs, ths could be the one!

Walk to Superba and Zinque on Lincoln, or, with summer around the corner, hop on your bike and head toward the beach. Your Venice lifestyle begins at 2031 Penmar Avenue. Property sold as-is.


Presented by Kelly Brumfield-Woods at
Berkshire Hathaway HomeServices.


Property MLS #24-393125 from TheMLSCLAW

Bedrooms: 2

Total Bathrooms: 2
Full Bathrooms: 2

Oven
Laundry Facilities: Inside
Laundry Features: Inside

Breakfast Area, Guest House

Cooling Features: Multi/Zone
Fireplace Features: Living Room, Wood Burning
Heating Features: Forced Air
Number of Fireplaces: 1

Breakfast Room Description: Breakfast Area, Dining Area

Furnished Description: Unfurnished
Flooring: Hardwood, Linoleum, Ceramic Tile, Engineered Hardwood

Water Features: District

Fencing: Wrought Iron
Other Structures: GuestHouse

Lot Size Acres: 0.1025482
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 4467

Garage Description: Driveway, Carport
Parking Total: 2

Association: No
Calculated Total Monthly Association Fees: 0

Source Listing Status: Active Under Contract
County: Los Angeles
Cross Street: South of Palms Blvd., north of Venice Blvd.
Directions: East of Lincoln, west of Walgrove, south of Rose, north of Venice. Nav to address.
Source Property Type: Residential
Inclusions: Dishwasher, Stove/Oven, Refrigerator, Washer and Dryer
Area: Venice
Source Neighborhood: Venice
Parcel Number: 4242-008-031
Postal Code Plus 4: 4056
Zoning: LARD3
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$52,168 + $208,716
$260,884
$3,279
2021$51,146 + $204,624
$255,770
$3,233
2020$50,622 + $202,526
$253,148
$3,264
2019$49,630 + $198,555
$248,185
$3,140
2018$48,657 + $194,662
$243,319
$3,079
2017$47,703 + $190,846
$238,549
$3,015
2016$46,768 + $187,104
$233,872
$2,942
2015$46,066 + $184,294
$230,360
$2,900
2014$45,164 + $180,684
$225,848
$2,919
2013$44,960 + $179,868
$224,828
$2,914
2012$44,079 + $176,342
$220,421
$2,952
2010$43,215 + $172,885
$216,100
$2,897
2009$42,995 + $172,001
$214,996
$2,789
2009$42,893 + $171,593
$214,486
$2,789
2008$42,152 + $168,629
$210,781
$2,672
2007$41,326 + $165,323
$206,649
$2,586

Price Changed 2024-06-08
$1,575,000
TheMLSCLAW
Listed 2024-05-17
$1,600,000
TheMLSCLAW
Sold 1996-12-16
$170,000
Public Record
Sold 1990-01-30
$306,500
Public Record
Sold 1988-10-07
$245,000
Public Record
Sold 1988-10-03
$182,000
Public Record

Total Square Feet Living: 988
Year Built: 1923
Building Exterior Type: Stucco
Common Walls: Detached/No Common Walls
Direction Faces: East
Foundation Details: Raised, Quake Bracing
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 101
Levels or Stories: 1
Building Total Stories: 1
Structure Type: Detached
House Style: Bungalow
Year Built Source: Vendor Enhanced
Architectural Style: Bungalow

Other Equipment: Dishwasher, Dryer, Refrigerator, Range/Oven

Mark Twain Middle School and World Languages Magnet is a public middle school located approximately 0.4 miles away.
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Walgrove Avenue Elementary School is a public elementary school located approximately 0.5 miles away.
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Venice Senior High School is a public high school located approximately 0.6 miles away.
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Acton Academy Venice Beach is a private elementary, middle and high school located approximately 0.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.