Four-Unit Multifamily Building with
For Sale
$2,850,000
616 Sunset, Venice, CA 90291
Four renovated two-bedroom units with in-unit laundry, balconies, and parking for seven vehicles on a 4,802 sq ft lot.
Property Size3,224 SF
Lot Size0.11 Acres
Price / SF$883
Days on Market157
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
Additional Details
Cap Rate
4.86%
Amenities
in-unit washer/dryer
private balconies
shared outdoor patio
new trash enclosure
Building Details
Building Size
3,224 SF
Year Built
1960
Buildings
1
Construction
Spanish-style
Tenancy
Multi
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
Listed By:
Brett Lyon · License #01717818
Source:
Benbelack
Added: Feb 23
Changed: Jul 30
Last Checked: Jul 30 at 10:56AM
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 four-unit multifamily property with classic Spanish-style architecture, built in 1960. The building consists of four (4) two-bedroom and one-bath units totaling approximately 3,224 square feet. Each unit has been extensively renovated under current ownership, 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, and the bathrooms have new showers, tile, and vanities. All units include in-unit stackable washer and dryer systems. The second-story units offer private balconies with west-facing windows and the building also includes a shared outdoor patio area.
The property provides parking for seven vehicles and includes a new trash enclosure. A new roof was installed in 2022. Ownership has also commissioned plans for a detached two-story duplex ADU totaling approximately 965 square feet (buyer to verify feasibility and permitting), designed as (2) one-bedroom and one-bath units above a new carport structure. If developed, the unit count would increase from four to six and total living area would expand to approximately 4,356 square feet.
The property is currently described as offering a 4.86% cap rate. Plans and feasibility should be verified by the buyer for the proposed ADU.
The property provides parking for seven vehicles and includes a new trash enclosure. A new roof was installed in 2022. Ownership has also commissioned plans for a detached two-story duplex ADU totaling approximately 965 square feet (buyer to verify feasibility and permitting), designed as (2) one-bedroom and one-bath units above a new carport structure. If developed, the unit count would increase from four to six and total living area would expand to approximately 4,356 square feet.
The property is currently described as offering a 4.86% cap rate. Plans and feasibility should be verified by the buyer for the proposed ADU.
Key Highlights
- Four (4) renovated two‑bedroom, one‑bath units totaling approx. 3,224 sq ft
- 100‑amp electrical panels, recessed lighting, new flooring, drywall, paint, and updated smoke detectors
- In‑unit stackable washer and dryer plus second‑story private balconies and shared outdoor patio
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four renovated two-bedroom units with in-unit laundry, balconies, and parking for seven vehicles on a 4,802 sq ft lot.
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 $2,850,000.
What are key features of this property?
This property features: Four (4) renovated two‑bedroom, one‑bath units totaling approx. 3,224 sq ft; 100‑amp electrical panels, recessed lighting, new flooring, drywall, paint, and updated smoke detectors; In‑unit stackable washer and dryer plus second‑story private balconies and shared outdoor patio
