Four-Unit Multifamily with
For Sale
$3,000,000
616 Sunset, Venice, CA 90291
Renovated 2BR/1BA quadplex with in-unit laundry, balconies, and seven-vehicle parking plus potential detached ADU conversion.
Property Size3,224 SF
Lot Size0.11 Acres
Price / SF$930.52
Days on Market174
Property Features for 616 Sunset
General Information
Standard status
Active
Size
3,224 SF
Total Parking Spaces
7
Lot size
0.11 Acres
Property subtype
MULTI_FAMILY
Financials
Cap Rate
4.58%
Business Included
Yes
Additional Details
Multifamily Units
4
Building Details
Year Built
1960
Tenancy
Multi
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
Listed By:
Brett Lyon · License #01717818
Source:
Milsteinestates
Added: Feb 23
Changed: Jul 10
Last Checked: Aug 15 at 12:32PM
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, Inc.
Investment Insights
Based on property information with market context.
616 Sunset Ave is a 4-unit multifamily property featuring classic Spanish-style architecture. The building includes four 2-bedroom, 1-bath units totaling approximately 3,224 square feet on a 4,802 square foot lot. Under current ownership, the units have undergone extensive renovations, including new 100-amp electrical panels in each unit, recessed lighting, new outlets and switches, new flooring, new drywall and paint, and updated smoke detectors. Kitchens have been upgraded with new countertops, cabinetry, dishwashers, refrigerators, stoves, and vent hoods, and the bathrooms feature new showers, tile, and vanities. Each unit includes an in-unit stackable washer and dryer setup, and the second-story units offer private balconies with west-facing windows. There is also a shared outdoor patio area for additional tenant use.
The property is located in Venice, north of Abbot Kinney Blvd. Ownership has commissioned plans for a detached two-story duplex ADU that would be Buyer to Verify for feasibility and permitting. The proposed ADU would total approximately 965 square feet and is designed as two 1-bedroom, 1-bath units above a new carport structure.
With on-site parking for seven vehicles, a new trash enclosure, and a roof installed in 2022, the property is positioned as a renovated income option while offering an additional development path to expand the unit count from four to six and increase total living area to approximately 4,356 square feet, subject to approval.
The property is located in Venice, north of Abbot Kinney Blvd. Ownership has commissioned plans for a detached two-story duplex ADU that would be Buyer to Verify for feasibility and permitting. The proposed ADU would total approximately 965 square feet and is designed as two 1-bedroom, 1-bath units above a new carport structure.
With on-site parking for seven vehicles, a new trash enclosure, and a roof installed in 2022, the property is positioned as a renovated income option while offering an additional development path to expand the unit count from four to six and increase total living area to approximately 4,356 square feet, subject to approval.
Key Highlights
- Renovated 4‑unit multifamily built in 1960: (4) 2 bed / 1 bath totaling approx. 3,224 SF
- Extensive unit upgrades include new 100‑amp electrical panels, recessed lighting, new flooring, drywall/paint, and updated smoke detectors
- Each unit has in‑unit stackable washer/dryer; second‑story units feature private balconies with west‑facing windows
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,547
Businesses Nearby
Explore this area
Business Placement
Demographics for 90291, CA
28,442
Population
16,709
Households
1.7
Avg Household Size
39
Median Age
72%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
11,377
Density / Sq Mi
$119,043
Median Household Income
$83,008
Median Earnings
$2,630
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Renovated 2BR/1BA quadplex with in-unit laundry, balconies, and seven-vehicle parking plus potential detached ADU conversion.
Where is this quadplex located?
The property is located at 616 Sunset Venice, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Renovated 4‑unit multifamily built in 1960: (4) 2 bed / 1 bath totaling approx. 3,224 SF; Extensive unit upgrades include new 100‑amp electrical panels, recessed lighting, new flooring, drywall/paint, and updated smoke detectors; Each unit has in‑unit stackable washer/dryer; second‑story units feature private balconies with west‑facing windows
