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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$3,000,000

Est. payment - /mo

8 Beds

4 Baths

3,224 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,224 sqft

Price per Sqft $930

MLS Listing ID SB26039732

Bedrooms 8

Full Baths 4

HOA Y/N No

Year Built 1960

Lot Size 4,800 Sqft

Property Sub-Type Quadruplex

Property 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 4.58% 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.

Location

State CA

County Los Angeles

Area C11 - Venice

Rooms

Main Level Bedrooms 8

Interior

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Dryer

Laundry Washer Hookup, Stacked

Exterior

Pool None

Community Features Biking

View Y/N Yes

View Ocean

Private Pool No

Building

Lot Description 2-5 Units/Acre

Dwelling Type Quadruplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

High Schools Venice

School District Los Angeles Unified

Others

Senior Community No

Tax ID 4240013007

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Brett Lyon Lyon Stahl Investment Real Estate, Inc. 3107801899, DRE #01717818

NEARBY SCHOOL & BUSINESS

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616 Sunset Venice, CA 90291