616 Sunset Ave Venice, CA 90291
Venice NeighborhoodEstimated payment $17,560/month
Highlights
- Laundry Room
- Bike Trail
- Stacked Washer and Dryer
- Broadway Elementary Rated A
About This Home
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 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.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3107801899 License #01717818 Listed on: 02/23/2026
Co-Listing Agent
Lyon Stahl Investment Real Est Brokerage Phone: 3107801899 License #01399621
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 4,802 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 3,224 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
- Parking Available
- Driveway
Listing and Financial Details
- Legal Lot and Block 1 / I
- Tax Tract Number 2732
- Assessor Parcel Number 4240013007
- $536 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 4 Units
Recreation
- Bike Trail
Building Details
- 3 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $4,836
- Maintenance Expense $7,872
- Other Expense $3,400
- New Taxes Expense $37,938
- Operating Expense $55,246
- Gross Income $196,800
- Net Operating Income $135,650
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,985 | $2,012,500 | $1,700,000 | $312,500 |
| 2024 | $15,985 | $1,292,991 | $966,667 | $326,324 |
| 2023 | $15,681 | $1,267,639 | $947,713 | $319,926 |
| 2022 | $14,959 | $1,242,784 | $929,131 | $313,653 |
| 2021 | $14,766 | $1,218,416 | $910,913 | $307,503 |
| 2019 | $14,327 | $1,182,279 | $883,896 | $298,383 |
| 2018 | $14,235 | $1,159,098 | $866,565 | $292,533 |
| 2016 | $13,602 | $1,114,091 | $832,916 | $281,175 |
| 2015 | $13,404 | $1,097,357 | $820,405 | $276,952 |
| 2014 | $13,466 | $1,075,862 | $804,335 | $271,527 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/23/2026 02/23/26 | For Sale | $3,150,000 | +56.5% | $977 / Sq Ft | |
| 12/04/2024 12/04/24 | Sold | $2,012,500 | +15.0% | $624 / Sq Ft | View Prior Sale |
| 10/10/2024 10/10/24 | Pending | -- | -- | -- | |
| 09/30/2024 09/30/24 | For Sale | $1,750,000 | -- | $543 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,012,500 | First American Title Company | |
| Grant Deed | $2,012,500 | First American Title Company | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $1,050,000 | Lawyers Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | American Coast Title | |
| Individual Deed | $337,000 | Southland Title Corporation | |
| Interfamily Deed Transfer | -- | Southland Title Company | |
| Grant Deed | $215,000 | Southland Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $787,500 | New Conventional | |
| Previous Owner | $336,000 | No Value Available | |
| Previous Owner | $252,750 | No Value Available | |
| Previous Owner | $207,772 | FHA |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26039701
APN: 4240-013-007
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. 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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