Situated in a prime Venice location north of Abbot Kinney Blvd, 616 Sunset Ave presents a well-positioned 4-unit multifamily opportunity in one of Los Angeles’ most sought-after coastal submarkets. The property features classic Spanish-style architecture and consists of (4) 2-bedroom / 1-bath units totaling approximately 3,224 square feet on a… Read More 4,802 square foot lot.
The units have undergone extensive renovations under current ownership, including new 100-amp electrical panels in each unit, recessed lighting, new outlets and switches, new flooring, new drywall and paint throughout, and updated smoke detectors. Kitchens have been upgraded with new countertops, cabinetry, dishwashers, refrigerators, stoves, and vent hoods, while bathrooms feature new showers, tile, and vanities. Each unit is also equipped with new in-unit stackable washer and dryer systems, significantly enhancing tenant appeal. Second-story units include private balconies with west-facing windows that provide strong natural light and ocean breezes, and a shared outdoor patio area further enhances livability.
The property includes on-site parking for seven vehicles with a durable concrete surface, a new trash enclosure, and a new roof installed in 2022. The building has previously passed the LA SCEP inspection.
Currently offering a strong 4.31% cap rate, 616 Sunset Ave provides investors with stabilized in-place income in a premier coastal location. Positioned within walking distance to retail and dining along Rose Ave and just minutes from the beach, the asset combines comprehensive capital improvements, solid returns, and long-term rental demand in one of Venice’s most desirable neighborhoods. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Brett Lyon 3107801899
Listing Snapshot
Days Online
1
Last Updated
Property Type
Quadruplex
Beds
8
Full Baths
4
Square Ft.
3,224
Lot Size
0.11 Acres
Year Built
1960
MLS Number
SB26039732
Additional Details
Appliances & Equipment
Dryer
Building
Built in 1960, Living area: 3224.0, Living area units: SquareFeet, 2 stories, Levels: Two, Entry level: 1, Entry location: Front Gate
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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