$2,012,500
$1,750,000
15.0%For more information regarding the value of a property, please contact us for a free consultation.
4,800 Sqft Lot
SOLD DATE : 12/04/2024
Key Details
Sold Price $2,012,500
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24202217
Sold Date 12/04/24
HOA Y/N No
Year Built 1960
Lot Size 4,800 Sqft
Property Sub-Type Quadruplex
Property Description
Situated in the vibrant heart of Venice, 616 Sunset Ave stands as an exceptional opportunity for an investor aiming to enhance their portfolio with a prime asset. This charming 4-unit apartment building features classic Spanish-style architecture, each unit offering 2 bedrooms and 1 bathroom. Scrupulously maintained and in great condition, these units span a total of 3,224 square feet on a 4,802 square foot lot.
The property boasts attractive walkways, and conveniently-designed plantings and shared outdoor patio space, providing tenant satisfaction with minimal maintenance required from the owner. Second-story units feature highly desirable balconies with pleasant views, complemented by west-facing windows that invite a refreshing ocean breeze.
The parking lot for 7 cars is made of low-maintenance, long lasting concrete providing ease of ownership and convenience for tenants. Its enviable location in Venice means it's just a short walk to world-class retail and dining on Rose Ave and less than a 5-minute drive to the beach.
Whether you're seeking consistent returns or looking to capitalize on the growth of the area, 616 Sunset Ave represents a compelling investment opportunity in a great location.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Interior
Heating None
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Concrete
Pool None
Community Features Biking
Total Parking Spaces 7
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4240013007
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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
Our team is ready to help you sell your home for the highest possible price ASAP

Bought with Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
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