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51 Thornton Avenue, Venice, CA 90291

Venice
Local realty services provided by:CENTURY 21 Masters
51 Thornton Avenue,Venice, CA 90291
$2,495,000
  • 8 Beds
  • 8 Baths
  • 3,360 sq. ft.
  • Multi-family
  • Active
Listed by: ashley sackerman
Office: compass
MLS#:26656335
Source:CRMLS

Price summary

  • Price:$2,495,000
  • Price per sq. ft.:$742.56

About this home

A rare value-add opportunity in the very heart of Venice, just two short blocks from the sand. Positioned on a 5,749 SF corner lot, this fully occupied 8-unit multifamily property offers immediate income with compelling long-term upside in one of Southern California's most iconic coastal neighborhoods. The 3,360 SF building features an ideal unit mix of four 1-bedroom residences and four studio units, appealing to Venice's strong and diverse rental market. Recent improvements include a newly redone balcony to satisfy SB271 plus upgrading electrical sub-panels in the works. Two two-car garages, along with additional on-site parking, provide a valuable amenity rarely found this close to the beach. The garages present potential for ADU conversion (buyer to verify), offering a clear path to increased density and revenue. With upside potential in rents, this property stands as a compelling value-add investment. Unmatched in location, the property is just blocks from Venice Beach, the

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Home facts

  • Year built:1956
  • Listing ID #:26656335
  • Added:2 day(s) ago
  • Updated:March 01, 2026 at 11:33 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:8
  • Living area:3,360 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Composition
  • Year built:1956
  • Building area:3,360 sq. ft.
  • Lot area:0.13 Acres
  • Lot Features:Front Yard
  • Levels:2 Story

Finances and disclosures

  • Price:$2,495,000
  • Price per sq. ft.:$742.56
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