$3,000,000

616 Sunset, Venice, CA 90291

  • 8 beds |
  • 4 baths |
  • 3,224 sqft
  • Property Icon Condominium
  • Property Year Built Icon Built in 1960
  • Property Lot Size Icon4,800sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $931/sqft
  • Property List Date Icon Listed 2 months ago

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

Listing Status:
Active
Date Added:
February 23, 2026
Data Last Updated:
May 20, 2026 at 7:11AM
Listing Office:
Lyon Stahl Investment Real Estate, Inc. : 310-425-9838
Listing Agent:
Brett Lyon : 310-780-1899
MLS ID:
SB26039732
  • Appliances: Dryer
  • Laundry: Washer Hookup
  • A/C: Central Forced Air
  • Fireplace: N/K
  • Pool: N/K
  • Parking: Parking spaces: 0
  • General: 2
  • HOA Amenities: 0.0
  • Originating MLS: California Regional MLS
  • County: Los Angeles
  • Zoning: 4240013007
  • View: Ocean
  • Water: Public
  • Sewer: Public Sewer
  • Source: California Regional MLS

This listing courtesy of Brett Lyon , Lyon Stahl Investment Real Estate, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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#SB26062867 - Lyon Stahl Investment Real Estate, Inc.