UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,224 sqft
Price per Sqft $930
MLS Listing ID SB26039732
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1960
Lot Size 4,800 Sqft
Property Sub-Type Quadruplex
Property Description
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 4.58% 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.
Location
State CA
County Los Angeles
Area C11 - Venice
Rooms
Main Level Bedrooms 8
Interior
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Dryer
Laundry Washer Hookup, Stacked
Exterior
Pool None
Community Features Biking
View Y/N Yes
View Ocean
Private Pool No
Building
Lot Description 2-5 Units/Acre
Dwelling Type Quadruplex
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
High Schools Venice
School District Los Angeles Unified
Others
Senior Community No
Tax ID 4240013007
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Nearby Locations
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4465 Willshire Blvd. Ste. 104, Los Angeles, California, 90068, USA