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2416 Penmar Avenue, Venice, CA 90291

$1.98M3bd · 4ba · 2,424 sqft
Lot 1,380 sqft•HOA $85/mo•Single Family Residence•
Active
•31d on market•MLS# 00-26986093

Property Description

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.

Features & Amenities

FeeBuilt 2021

Property Details

Land Type
Fee
Year Built
2021
Property Type
Residential
Property Subtype
Single Family Residence
Heating
Central
Cooling
Central Air
View
City Lights, Mountain(s)
Flooring
Tile, Wood
City
Venice
Zip Code
90291
County
Los Angeles
Listed byUnknown Office, F. Ron Smith

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$9,986.67
Principal & Interest
Loan Amount
$1,580,000
Total Interest
$2,015,203
Total Payment Over 30 Years
$3,595,203
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

2416 Penmar Avenue, Venice, CA 90291

Venice · Single Family Residence

$1.98M
Luxury Tier
Beds
3
Baths
4
Sqft
2,424
Lot
1,380 sqft
Year
2021
$/Sqft
$815
Pool: No✓
Spa: No✓
View: city✓

Listed 31.8% below the median closed sale of $2,895,000. Price per sqft ($815) is a 26% discount to closed comps ($1,097). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $1.98M· $815/sqft
Total list price
Closed comps
vs closed median $2.90M
−$920K (−31.8%)
Active comps
vs active median $2.70M
−$724K (−26.8%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,035
−$220 (−21.2%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2414 Penmar AvenueVenice2021442,2931,202$957$2.19M9484
2120 Narcissus CourtVenice2003242,9691,936$941$2.79M5372
722 California AvenueVenice1925432,6175,376$1,318$3.45M3168
663 Vernon AvenueVenice2017332,1602,207$993$2.15M3165
2515 Lincoln BoulevardVenice2013332,8011,866$964$2.70M19960
Total: 5 · Average3.23.42,5682,517.4$1,034.6$2.66M81.6
Median2,617$2.70M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
621 Mildred AvenueVenice201605/19/2026342,7662,001$3.15M$2.90M$1,0500.923576
812 Brooks AvenueVenice201307/02/2026342,0922,178$2.60M$2.48M$1,1880.964873
651 Oxford AvenueVenice201607/14/2026342,4672,501$3.20M$3.15M$1,2770.986071
620 Harbor StreetVenice198606/11/2026332,3164,500$1.85M$1.90M$8201.0313670
513 Grand BoulevardVenice200110/02/2026442,5222,701$3.00M$2.90M$1,1480.9711164
Total: 5 · Average3.23.82,432.62,776.2$2.67M$2.67M$1,096.6—78
Median2,467$2.90M$2.90M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.