Active

616 Sunset

Venice, CA 90291
Mark as Favorite
Bed 8

Bed

Bath 4

Bath

SqFt3,224

Sqft

SqFt4,802

Sqft(Lot)

Situated in a prime Venice location north of Abbot Kinney Blvd, 616 Sunset Ave presents a well-positioned 4-unit multifamily opportunity with additional development upside in one of Los Angeles’ most sought-after coastal submarkets. The property features classic Spanish-style architecture and consists of (4) 2-bedroom / 1-bath units totaling approximately 3,224 square feet on a 4,802 square foot lot. The units have undergone extensive renovations under current ownership, including new 100-amp electrical panels in each unit, recessed lighting, new outlets and switches, new flooring, new drywall and paint throughout, and updated smoke detectors. Kitchens have been upgraded with new countertops, cabinetry, dishwashers, refrigerators, stoves, and vent hoods, while bathrooms feature new shower s, tile, and vanities. Each unit is equipped with in-unit stackable washer and dryer systems, significantly enhancing tenant appeal. Second-story units include private balconies with west-facing windows providing strong natural light and ocean breezes, and a shared outdoor patio area further enhances livability. In addition to the stabilized in-place income, ownership has commissioned plans for a detached two-story duplex ADU (Buyer to Verify Feasibility & Permitting) totaling approximately 965 square feet, designed as (2) 1-bedroom / 1-bath units above a new carport structure. The proposed improvement would increase the total unit count from four to six units and expand total living area to approximately 4,356 square feet, creating meaningful long-term income growth potential. The property includes on-site parking for seven vehicles, a new trash enclosure, and a new roof installed in 2022. Currently offering a 4.39% cap rate, 616 Sunset Ave combines comprehensive capital improvements, strong in-place returns, and clear value-add potential in one of Venice’s most desirable neighborhoods.

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Detail Ic Property Details

Property Type : Residential

Price : $3,100,000

AD Id : 75565647

MLS Id : SB26039732

Beds : 8

Lot Size : 4,802 Sqft

Living Area Size : 3,224

Year Built : 1960

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 8

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Property Appliances: Dryer Fireplace: None
  • Cooling Features

    Central Air Air Conditioning

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1960
  • Pool Features

    None

    Laundry Features

    Washer Hookup,Stacked

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1102
  • Lot Size Source: Assessor Lot Size Square Feet: 4802

  • Listing Price Information

    Original List Price: 3,100,000 Listing Contract Date: 2026-02-23
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 4240013007

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C11 - Venice Directions: On The Corner of Sunset Ave and Sunset Ct Source Property Type: Residential Area: C11 - Venice Property SubType: Quadruplex
  • Building and Construction

    Property Age: 66 Common Walls: 2+ Common Walls Structure Type: Quadruplex Year Built Source: Public Records Total Square Feet Living: 3224 Entry Level: 1 Entry Location: Front Gate Property Attached: Yes Levels or Stories: Two Building Total Stories: 2 Structure Type: Quadruplex
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At $961.54 per sq.ft.,this listing is priced below average compared to other homes from Venice.

The average homes price in Venice is $370202.62 with avg. price / sq.ft of $2102.04.

The average homes price in Los Angeles County is $373818.81 with avg. price / sq.ft of $2100.74.

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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3932 Glencoe Avenue, Venice, CA, 90291 $4,500,000 4 6 4,325 4,325 SqFt
2214 Glencoe Avenue, Venice, CA, 90291 $3,895,000 5 4 2,785 2,785 SqFt
2403 Louella Avenue, Venice, CA, 90291 $2,695,000 -- -- 2,947 2,947 SqFt
2040 Glencoe Avenue, Venice, CA, 90291 $4,748,000 4 4 3,800 3,800 SqFt
2445 Glyndon Avenue, Venice, CA, 90291 $4,800,000 5 5 3,950 3,950 SqFt
2563 Walnut Avenue, Venice, CA, 90291 $1,295,000 2 1 928 928 SqFt
1377 Preston Way, Venice, CA, 90291 $2,995,000 3 2 2,579 2,579 SqFt
2026 Louella Avenue, Venice, CA, 90291 $4,295,000 4 4 3,400 3,400 SqFt
2418 Walnut Avenue, Venice, CA, 90291 $1,999,000 3 3 1,122 1,122 SqFt
2477 Walnut Avenue, Venice, CA, 90291 $1,995,000 4 -- 1,398 1,398 SqFt

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ByOwner last updated this listing 04/07/2026 @ 00:52

MLS: SB26039732 LISTED BY: Brett Lyon, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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