616 Sunset, Venice, CA 90291
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
616 Sunset,Venice, CA 90291
$3,000,000
- 8 Beds
- - Baths
- 3,224 sq. ft.
- Single family
- Active
Listed by: brett lyon, woody stahl
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26039732
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....
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Home facts
- Year built:1960
- Listing ID #:SB26039732
- Added:92 day(s) ago
- Updated:May 27, 2026 at 10:44 AM
Rooms and interior
- Bedrooms:8
- Full bathrooms:4
- Living area:3,224 sq. ft.
Heating and cooling
- Cooling:Central Air
- Central air:Yes
Structure and exterior
- Year built:1960
- Building area:3,224 sq. ft.
- Lot area:0.11 Acres
- Levels:2 Story
Schools
- High school:Venice
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,000,000
- Price per sq. ft.:$930.52
Features and amenities
- Appliances:Dryer
- Laundry features:Dryer, Stacked
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