616 Sunset Ave, Venice, CA

Name: 616 Sunset Ave, For Sale in Venice - eXp Realty
Brand: Lyon Stahl Investment Real Estate, Inc.
SKU: SB26039732
Price: 3100000 USD

House

For Sale

Listed price in listed location currency (USD).

$3,100,000

840

MLS® SB26039732

Key Facts
Description
Map

Key Facts

Type Quadruplex

Levels Residential

Size 3224 sqft

Garage

Taxes

Days Active 41

Lot Size

Approx. Age 1960

Avg. Price Per Sqft $961

MLS® Number SB26039732

Property Address: 616 Sunset Ave, Venice, CA, 90291-2755

Average square foot calculated using Size range provided by listing agent.

Description

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 showers, 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.

MLS® NumberSB26039732

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1960

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 23, 2026List Date

$3,100,000List Price

Commute

Commute

Starting Address

Destination Address

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