616 Sunset, Venice, CA 90291
Local realty services provided by:CENTURY 21 Lois Lauer Realty
616 Sunset,Venice, CA 90291
$3,000,000
- - Beds
- 4 Baths
- 3,224 sq. ft.
- Multi-family
- Active
Listed by: brett lyon, woody stahl
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26039701
Source:CRMLS
Price summary
- Price:$3,000,000
- Price per sq. ft.:$930.52
About this home
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 4.58% 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....
Contact an agent
Home facts
- Year built:1960
- Listing ID #:SB26039701
- Added:60 day(s) ago
- Updated:April 25, 2026 at 10:33 AM
Rooms and interior
- Total bathrooms:4
- Living area:3,224 sq. ft.
Structure and exterior
- Year built:1960
- Building area:3,224 sq. ft.
- Lot area:0.11 Acres
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,000,000
- Price per sq. ft.:$930.52
Features and amenities
- Appliances:Dryer, Washer
- Laundry features:Dryer, Stacked, Washer
Parking
- Total parking spaces:7
- Parking description:Driveway
New listings near 616 Sunset
- New
$1,790,000Active2 beds 2 baths1,400 sq. ft.910 Victoria Avenue, Venice, CA 90291
MLS# 26794069Listed by: COMPASS - Open Sun, 2 to 4pmNew
$2,199,000Active6 beds 3 baths2,122 sq. ft.830 Palms Boulevard, Venice, CA 90291
MLS# 26799880Listed by: THE AGENCY - Open Sun, 2 to 5pmNew
$2,295,000Active3 beds 3 baths2,480 sq. ft.512 Brooks Avenue #6, Venice, CA 90291
MLS# 26799884Listed by: COMPASS - Coming Soon
$1,850,000Coming Soon4 beds 5 baths2478 Glyndon Avenue, Venice, CA 90291
MLS# 26797159Listed by: ASHBY & GRAFF - Open Sun, 1 to 4pmNew
$950,000Active2 beds 3 baths898 sq. ft.2500 Abbot Kinney Boulevard #3, Venice, CA 90291
MLS# 26795425Listed by: LPT REALTY, INC - Open Sun, 2 to 5pmNew
$1,897,000Active6 beds 4 baths2,334 sq. ft.659 Vernon Avenue, Venice, CA 90291
MLS# 26771959Listed by: COMPASS - New
$2,100,000Active3 beds 4 baths3,275 sq. ft.350 N 6th Avenue, Venice, CA 90291
MLS# 26769955Listed by: CHRISTIE'S INTERNATIONAL REAL ESTATE SOCAL - Open Sun, 2 to 5pmNew
$2,750,000Active4 beds 4 baths2,008 sq. ft.1622 Glyndon Avenue, Venice, CA 90291
MLS# 26793189Listed by: POWER BROKERS - Open Tue, 12 to 2pmNew
$1,199,000Active3 beds 3 baths1,259 sq. ft.863 Commonwealth Avenue, Venice, CA 90291
MLS# 26793725Listed by: COLDWELL BANKER REALTY - Open Sun, 2 to 5pmNew
$3,195,000Active4 beds 4 baths2,523 sq. ft.1126 Indiana Avenue, Venice, CA 90291
MLS# 26724699Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES