$3.10M
616 Sunset, VENICE, CA 90291
Quadruplex
Description
Situated in a prime Venice location north of Abbot Kinney Blvd, 616 Sunset Ave presents a well-positioned 4-unit multifamily opportunity with additional development upside 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 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 equipped with in-unit stackable washer and dryer systems, significantly enhancing tenant appeal. Second-story units include private balconies with west-facing windows providing strong natural light and ocean breezes, and a shared outdoor patio area further enhances livability. In addition to the stabilized in-place income, ownership has commissioned plans for a detached two-story duplex ADU (Buyer to Verify Feasibility & Permitting) totaling approximately 965 square feet, designed as (2) 1-bedroom / 1-bath units above a new carport structure. The proposed improvement would increase the total unit count from four to six units and expand total living area to approximately 4,356 square feet, creating meaningful long-term income growth potential. The property includes on-site parking for seven vehicles, a new trash enclosure, and a new roof installed in 2022. Currently offering a 4.39% cap rate, 616 Sunset Ave combines comprehensive capital improvements, strong in-place returns, and clear value-add potential in one of Venice’s most desirable neighborhoods.
Property Details
Bedrooms
8
Bathrooms
4
Living Area
3,224 sqft
Lot Size
4,802 sqft
Year Built
1960
Stories
2
View
Yes
Price History
Listed
Feb 23, 2026
$3.15M
Price Change
Mar 13, 2026
$3.10M
$-50,000
Location
Location Scores
What's Nearby
Restaurants, parks, schools, and more within 3 km. Powered by Google Places.
Wurstküche Restaurant Venice Beach
625 Lincoln Boulevard, Venice
Urth Caffe Santa Monica
2327 Main Street, Santa Monica
The Cheesecake Factory
4142 Via Marina, Marina del Rey
Killer Shrimp
4211 Admiralty Way, Marina del Rey
Mao's Kitchen Venice
1512 Pacific Avenue, Venice
The Venice Whaler
10 Washington Boulevard, Venice
Library Alehouse
2911 Main Street, Santa Monica
26 Beach
3100 Washington Boulevard, Venice
8 places within 3 km · Google Places
Listed by Brett Lyon — Lyon Stahl Investment Real Estate, Inc. (MLS# SBLYONBRE)
MLS# SB26039732
Listing data provided by CRMLS (California Regional Multiple Listing Service). Based on information from CRMLS as of 4/11/2026. 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Rose District — DRE# 02356332
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Estimated Monthly Payment
$19,026.90
per month
Loan Amount
$2,480,000
Down Payment
$620,000
Total Interest
$3,310,684
Total Cost
$6,849,684
Rose District
Real Estate Team
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$3.10M
616 Sunset, VENICE, CA 90291