Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    611 Sunset Ave Venice, CA 90291

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,495,000

    Duplex near Venice Beach with development potential.

    Lot size:
    0.13 Acres

    Property Features for 611 Sunset Ave

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1912

    We can help!

    Listing Contact
    Abi Robledo
    Source: Elliman

    Listing Agent: Abi Robledo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Venice Beach Duplex Investment

    This duplex is located in the heart of Venice, a few blocks from the beach and boardwalk. The first unit features two bedrooms, one bathroom, and 936 square feet of living space. The second unit includes one bedroom, one bathroom, and 560 square feet. The garage has been converted into a bonus room. The property offers development potential and is situated on a spacious lot. The location provides convenient access to hospitals, groceries, schools, a gym, restaurants, and coffee shops.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Los Angeles
    State
    California
    Longitude
    -118.47023
    Latitude
    33.99783

    Nearby Similar for Sale

    • $2,950,000
      2,900 SF

      Venice Beach Multifamily Investment Opportunity

      Rare 4-unit Venice property with beach access and strong rental history.
      12 E 27Th Ave, Venice, CA 90291
      View Details
    • New
      $2,675,000
      1,884 SF

      Venice Craftsman with Income Potential

      Architectural Craftsman near Venice Beach with three separate units.
      43 Dudley Ave, Venice, CA 90291
      View Details
    • $3,495,000
      2,880 SF

      Venice Fourplex with Ocean Views

      Designer-done fourplex in Venice Beach with potential for ADU.
      17 Sunset Ave, Venice, CA 90291
      View Details
    • $2,695,000
      3,408 SF

      Venice Triplex Near the Beach

      Multifamily property near dining, shopping, and entertainment.
      241 Horizon Ave, Venice, CA 90291
      View Details
    • $2,695,000
      2,947 SF

      Venice Multifamily Property Near Tech Hub

      Renovated 5-unit property in prime Venice location.
      2403 Louella Ave, Venice, CA 90291
      View Details
    • New
      $8,888,888
      4,521 SF

      Oceanfront Duplex in Marina Del Rey

      Rare oceanfront duplex with direct beach access and breathtaking views.
      3806 Ocean Front Walk, Venice, CA 90292
      View Details
    • $2,395,000
      1,056 SF

      Venice Canal Cottage Duplex

      Chic, furnished duplex near Venice Canals with modern luxury.
      2329 Ocean Ave, Venice, CA 90291
      View Details
    • $5,500,000
      4,637 SF

      Venice Commercial Property on Abbot Kinney

      Commercial property for sale on Abbot Kinney Boulevard in Venice.
      2320 Abbot Kinney Blvd, Venice, CA 90291
      View Details
    • $2,695,000
      2,609 SF

      Venice Duplex with ADU Potential

      Luxury duplex with approved ADU plans in Venice, California.
      528 Westminster Ave, Venice, CA 90291
      View Details
    • $11,700,000
      8,000 SF

      Mixed-Use Coastal Property Near Venice Pier

      Mixed-use property with ocean views, residential and commercial spaces.
      3111 Ocean Front Walk, Venice, CA 90292
      View Details
    • $1,875,000
      Pending

      Venice Craftsman with Income Potential

      Rare Venice compound with flexible layout and income potential.
      919 Venezia Ave, Venice, CA 90291
      View Details
    • $2,900,000
      2,801 SF

      Venice Triplex with ADU Plans

      Renovated Venice triplex with ADU plans near Abbot Kinney.
      1025 Pleasant View Ave, Venice, CA 90291
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex near Venice Beach with development potential.
    Where is this duplex located?
    The property is located at 611 Sunset Ave Venice, CA.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: - Prime Venice Beach location, just blocks from the beach and boardwalk.; - Duplex property offering investment potential.; - Spacious lot with development potential.
    (909) 979-2057
    Request Owner's contact information
    611 Sunset Ave Venice, CA 90291
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    611 Sunset Ave
    Venice, CA 90291
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    611 Sunset Ave Venice, CA 90291
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Abi Robledo
    Real Estate License ID: 01802321
    (909) 979-2057
    Learn more
    Google sign-in failed. Please try again or use another login method.