Venice Multifamily Property with Development
616 Sunset Ave, Venice, CA 90291
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Four-unit multifamily property in Venice with potential for expansion.
Type:Multifamily
Property size:
3,224 SFLot size:
0.11 AcresPrice / SF:
$977/SF- Added:
- Feb 23, 2026
- Days on Market:
- 82
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 616 Sunset Ave
General Information
- Standard status
- Active
- Size
- 3,224 SF
- Lot size
- 0.11 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing agent Brett Lyon License #CA 01717818
Listing office Lyon Stahl Investment Real Estate (310) 425-9838
Listing date Feb 23, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate
HighLights
- Prime Venice location north of Abbot Kinney Blvd.
- Significant value‑add potential with commissioned plans for a detached two‑story duplex ADU (Buyer to Verify Feasibility & Permitting), potentially increasing unit count to six.
- Extensive renovations under current ownership, including updated electrical, new flooring, updated kitchens and bathrooms.
- Each unit features in‑unit stackable washer and dryer systems.
- Classic Spanish‑style architecture with second‑story units featuring private balconies and west‑facing windows.
- New roof installed in 2022 and on‑site parking for seven vehicles.
Overview
Located north of Abbot Kinney Blvd in Venice, 616 Sunset Ave is a 4-unit multifamily property offering development potential. The property features Spanish-style architecture and includes four 2-bedroom, 1-bath units, totaling approximately 3,224 square feet on a 4,802 square foot lot. The units have been renovated, with upgrades including new 100-amp electrical panels, recessed lighting, new outlets and switches, new flooring, new drywall and paint, and updated smoke detectors. Kitchens feature new countertops, cabinetry, dishwashers, refrigerators, stoves, and vent hoods, while bathrooms include new showers, tile, and vanities. Each unit has in-unit stackable washer and dryer systems. Second-story units offer private balconies with west-facing windows, and there is a shared outdoor patio area. Plans have been commissioned for a detached two-story duplex ADU, designed as two 1-bedroom, 1-bath units above a new carport structure, potentially increasing the total unit count to six and expanding the living area to approximately 4,356 square feet (Buyer to Verify Feasibility & Permitting). The property includes on-site parking for seven vehicles, a new trash enclosure, and a new roof installed in 2022. The property is currently offering a 4.31% cap rate.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Venice
- County
- Los Angeles
- State
- California
- Longitude
- -118.46988
- Latitude
- 33.99775
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FAQs
What type of property is this?
Quadplex - Four-unit multifamily property in Venice with potential for expansion.
Where is this quadplex located?
The property is located at 616 Sunset Ave Venice, CA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Prime Venice location north of Abbot Kinney Blvd.; Significant value‑add potential with commissioned plans for a detached two‑story duplex ADU (Buyer to Verify Feasibility & Permitting), potentially increasing unit count to six.; Extensive renovations under current ownership, including updated electrical, new flooring, updated kitchens and bathrooms.
