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616 Sunset

Venice, CA 90291
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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 4.58% 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 : $3,000,000

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 beds: 8

    Bathroom Information

    Total Baths: 4 Full Baths: 4
  • Interior Features

    Appliances: Dryer
    Laundry Features: Washer Hookup, Stacked
  • Heating & Cooling

    Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1960
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: Ocean

  • Lot Information

    Main Square Feet: 4802 Lot Size Acres: 0.1102 Lot Size Source: Assessor Lot Size Square Feet: 4,802 Lot Description: 2-5 Units/Acre

  • Listing Price Information

    Listing Price: $3000000
    Original Price: $3150000
    Conventional

  • Tax Information

    Parcel Number: 4240013007 Tax Lot: 1 Tax Block: I

  • School Information

    Elementary School: Junior High School: Senior High School: Venice
  • Location Information

    Direction: On The Corner of Sunset Ave and Sunset Ct WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3932 Glencoe Avenue, Venice, CA, 90291 $4,298,000 4 6 4,325 4,325 SqFt
2403 Louella Avenue, Venice, CA, 90291 $2,495,000 -- -- 2,947 2,947 SqFt
2445 Glyndon Avenue, Venice, CA, 90291 $4,650,000 5 5 3,950 3,950 SqFt
2477 Walnut Avenue, Venice, CA, 90291 $1,885,000 4 2 1,398 1,398 SqFt
2013 Louella Avenue, Venice, CA, 90291 $3,648,000 4 4 3,175 3,175 SqFt
2036 Glyndon Avenue, Venice, CA, 90291 $4,995,000 5 5 4,275 4,275 SqFt
2452 Penmar Avenue, Venice, CA, 90291 $4,950,000 9 -- 5,486 5,486 SqFt
1531 Glencoe Avenue, Venice, CA, 90291 $4,415,000 4 4 3,240 3,240 SqFt
2515 Lincoln Boulevard, Venice, CA, 90291 $2,699,000 3 3 2,801 2,801 SqFt
2513 Lincoln Boulevard, Venice, CA, 90291 $2,699,000 3 -- 2,801 2,801 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/21/2026 @ 17:40

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

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