Venice Multifamily Value-Add
51 Thornton Ave, Venice, CA 90291
MULTI_FAMILY - Venice, CA
Property size:
3,360 SFLot size:
0.13 AcresPrice / SF:
$742/SF- Added:
- Feb 25, 2026
- Days on Market:
- 80
- Last Refresh:
- May 16 at 3:06 am
Property Features for 51 Thornton Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LARD1.5
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bathroom 4, Bathroom 6, Bathroom 5, Bathroom 7, Bathroom 3, Bedroom 7, Bedroom 6, Bathroom 1, Bedroom 3, Bedroom 8, Bathroom 8, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1
- Parking
- 4
- Parking features
- Garage
- Standard status
- Active Under Contract
- APN
- 4286-023-026
- Size
- 3,360 SF
- Lot size
- 0.13 Acres
Utilities
- Water source
- Public
Building Details
- Year built
- 1956
- Floors in Building
- 2
- Number of units
- 8
- Roof type
- Composition
Listing agent Ashley Sackerman License #01719172 (310) 780-4308
Listing office Compass 9454 Wilshire Blvd. Suite 400, Los Angeles, CA (310) 230-5478
Listing date Feb 25, 2026
MLS# 26656335
Listing URL
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime Venice location: Two blocks from the beach, near Boardwalk, Main Street, Rose Avenue, and Abbot Kinney.
- Value‑add opportunity: Immediate income with potential for increased rents and ADU conversion (buyer to verify).
- Fully occupied 8‑unit multifamily property with a desirable unit mix of 1‑bedroom and studio apartments.
- Rare on‑site parking: Includes two 2‑car garages and additional parking spaces.
- Large 5,749 SF corner lot offering potential for increased density.
- Recent improvements: Newly redone balcony and electrical sub‑panel upgrades in progress.
Overview
Located in the heart of Venice, just two blocks from the beach, this fully occupied 8-unit multifamily property presents a value-add opportunity. Situated on a 5,749 square foot corner lot, the 3,360 square foot building features an ideal unit mix of four 1-bedroom residences and four studio units. The property benefits from immediate income and long-term upside in a desirable coastal neighborhood. Recent improvements include a newly redone balcony to satisfy SB271, with upgrading electrical sub-panels in progress. Two two-car garages, along with additional on-site parking, provide a valuable amenity. The garages present potential for ADU conversion (buyer to verify), offering a path to increased density and revenue. With upside potential in rents, this property stands as a compelling investment. The property is located blocks from Venice Beach, the Boardwalk, Main Street, Rose Avenue, and Abbot Kinney, placing tenants at the center of Venice's lifestyle, dining, and culture. The property is zoned LARD1.5.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Venice
- County
- Los Angeles
- State
- California
- Longitude
- -118.476729
- Latitude
- 33.993066
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property near Venice Beach with value-add potential.
Where is this apartment building located?
The property is located at 51 Thornton Ave Venice, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Prime Venice location: Two blocks from the beach, near Boardwalk, Main Street, Rose Avenue, and Abbot Kinney.; Value‑add opportunity: Immediate income with potential for increased rents and ADU conversion (buyer to verify).; Fully occupied 8‑unit multifamily property with a desirable unit mix of 1‑bedroom and studio apartments.
