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Additional details
$ 2,850,000
Est. payment /mo
Price Dropped by $150K
616 Sunset Venice, CA 90291
8 Beds
4 Baths
3,224 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 3,224 sqft
Price per Sqft $883
MLS Listing ID SB26039732
Bedrooms 8
Full Baths 4
Year Built 1960
Lot Size 4,802 Sqft
Property Sub-Type All Other Attached
Property 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
Location
State CA
County Los Angeles
Direction On The Corner of Sunset Ave and Sunset Ct
Interior
Cooling Central Forced Air
Fireplace No
Appliance Dryer
Laundry Washer Hookup
Exterior
View Y/N Yes
Water Access Desc Public
View Ocean
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Senior Community No
Tax ID 4240013007
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Brett Lyon, DRE#01717818 Lyon Stahl Investment Real Estate, Inc.
NEARBY SCHOOL & BUSINESS
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