Haven Coliving - Penmar | 2478 Penmar Ave
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Haven Coliving - Penmar 2478 Penmar Ave
80 Unit Dormitory $2,999,900 ($37,499/Unit) 13.69% Cap Rate Venice, CA 90291
Investment Highlights
- High Demand Coliving
- 15 mins to Beach
- New Construction built in 2019
- Loan Assumable at fixed rate of 4.99%
Executive Summary
Built in 2019, high-quality new construction, concrete floors, steel frames, solar, courtyards, 2 Units SFR rental properties operated as a co-living community, up to 80 beds. This sales price and cap rate are contingent on the following:
1. Buyer to assume the $4,999,000 loan fixed rate at 4.99% interest only. (so the total price is $7.99M)
2. The cap rate assumes that the buyer to operate this as a Co-living community themselves, or the buyer can choose to extend the lease with the current operator, with a current cap rate of around 4.5%.
1. Buyer to assume the $4,999,000 loan fixed rate at 4.99% interest only. (so the total price is $7.99M)
2. The cap rate assumes that the buyer to operate this as a Co-living community themselves, or the buyer can choose to extend the lease with the current operator, with a current cap rate of around 4.5%.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Security System
- Eat-in Kitchen
- Granite Countertops
- Sprinkler System
- Stainless Steel Appliances
- Walk-In Closets
- Built-In Bookshelves
- Deck
- Den
- Dining Room
- Family Room
- Garden
- Island Kitchen
- Mother-in-law Unit
- Office
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Courtyard
- Fitness Center
- Spa
- Furnished Units Available
- Gameroom
- Gas Range
- Maid Service
- Media Center/Movie Theatre
- Storage Space
- Maintenance on site
- Sundeck
- Zen Garden
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (87)
zoning
| Zoning Code | LARD1.5 (Restricted Density Multiple Dwelling) |
| LARD1.5 (Restricted Density Multiple Dwelling) |
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Haven Coliving - Penmar | 2478 Penmar Ave
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