51 Thornton Avenue, Venice, CA 90291

Venice
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
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:1 day(s) ago
  • Updated:February 26, 2026 at 08:29 PM

Rooms and interior

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

Heating and cooling

  • Heating:Wall Furnace

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
Based on information from California Regional Multiple Listing Service, Inc. as of February 26, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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