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1140 Nowita PlaceLos Angeles, CA 90291

Los Angeles County

$3,499,990List price
4,015Sq Ft
1919Year built
0.28Acre lot
1Stories
8 weeks agoOn market

Description

A full Venice corner, 5 distinct residences, and the timeless appeal of early California architecture come together at Nowita Place and Penmar Avenue. Built between 1919 and 1930, 3 single-story Spanish buildings encompass approximately 4,015 square feet on an approximately 12,406-square-foot, 2-lot site held under a single assessor parcel number. Four charming 1-bedroom, 1-bath cottages face Nowita in complementary pairs, each with its own garden path and a private patio or yard. Inside, graceful arches, warm wood floors, original built-in cabinetry, and pristinely maintained baths reflect the care given to these residences over time. Fronting Penmar, a separate 3-bedroom, 2-bath home enjoys its own entrance, driveway, and rear patio, lending the property the privacy and presence of a standalone residence. Together, the 5 leased residences generate scheduled rent of $13,324 per month, or $159,888 annualized. All units are occupied and will be delivered subject to existing tenancies. The property also offers parking for 6 or more vehicles, approximately 134 feet of frontage along each street, and verified [Q]RD3-1XL zoning. Rose Avenue, Abbot Kinney, and the beach are minutes away, placing the pleasures of Venice close at hand while preserving the intimate neighborhood character that makes this corner feel enduringly special. Buyer to independently verify all property information, zoning, and development potential.

Property Information

Property type
Commercial Sale
Year built
1919
Stories
1
Building area
4,015 Sq Ft
Lot size
0.28 acres
Parking spaces
6
Zoning
LARD3
Days on market
58
MLS® Listing#
26988807

Property Features

Water source
Public
Parcel number
4242009012

Directions

From Lincoln Blvd, east on Rose Ave to Penmar Ave. Right (south) on Penmar Ave alongside Penmar Golf Course to Nowita Pl. Property occupies the corner of Nowita Pl and Penmar Ave, west side of Penmar, across from the golf course. Cottage entrances face Nowita Pl; the house fronts Penmar Ave.

Listing Courtesy: Elevate Homes - 8183841212

Presented by: Christian Aragon

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-15T00:00:00.000Z and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Licensed in the state of California.

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