Listed by Brett Lyon, Lyon Stahl Investment Real Estate, Inc., (310) 425-9838
616 Sunset Ave
Venice, CA 90291
Venice- 8 Beds
- 4 Baths
- 3,224 sqft
8 Beds
4 Baths
3,224 sqft
Home Highlights
Climate Control
Central Air
HOA
None
Price/Sqft
$884
Listed
178 days ago
Local Information
-- mins to
About this House
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 4.86% 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.
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 4.86% 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.
Home Details for 616 Sunset Ave
|
|---|
Interior Details Number of Rooms: 1Types of Rooms: Living Room |
Beds & Baths Number of Bedrooms: 8Main Level Bedrooms: 8Number of Bathrooms: 4Number of Bathrooms (full): 4Number of Bathrooms (main level): 4 |
Dimensions and Layout Living Area: 3224 Square Feet |
Appliances & Utilities Appliances: DryerDryerLaundry: Washer Hookup,Stacked |
Heating & Cooling Has CoolingAir Conditioning: Central Air |
Fireplace & Spa Fireplace: NoneNo Fireplace |
Windows, Doors, Floors & Walls Common Walls: 2+ Common Walls |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: Front Gate |
View Has a ViewView: Ocean |
|
|---|
Exterior Home Features No Private Pool |
Parking & Garage No Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
|
|---|
Cumulative Days on Market: 140Days on Market: 178 |
|
|---|
Year Built Year Built: 1960 |
Property Type / Style Property Type: ResidentialProperty Subtype: QuadruplexStructure Type: QuadruplexArchitecture: Quadruplex |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 4240013007 |
|
|---|
Price List Price: $2,850,000Price Per Sqft: $884 |
|
|---|
MLS Status: Active |
|
|---|
Direction & Address City: Venice |
School Information High School: VeniceHigh School District: Los Angeles Unified |
|
|---|
Listing Agent Listing ID: SB26039732 |
|
|---|
Community Features: BikingNot Senior Community |
|
|---|
Association for this Listing: California Regional MLSHOA Fee: No HOA Fee |
|
|---|
Lot Area: 4802 sqft |
|
|---|
Special Conditions: Standard |
|
|---|
Listing Terms: Conventional |
|
|---|
Mls Number: SB26039732Living Area Range Units: Square FeetWater ViewWater View: OceanAttribution Contact: 3107801899Common Interest: NoneUniversal Property Id: US-06037-N-4240013007-R-N |
|
|---|
BikingSource Internet Entire Listing Display |
Around this home
What Locals Say about Venice
At least 457 Trulia users voted on each feature.
97 % Say it's dog friendly
93 % Say it's walkable to restaurants
93 % Say there are sidewalks
80 % Say it's walkable to grocery stores
65 % Say car is needed
64 % Say people would walk alone at night
62 % Say neighbors are friendly
60 % Say yards are well-kept
56 % Say they plan to stay for at least 5 years
54 % Say parking is easy
54 % Say there's holiday spirit
49 % Say streets are well-lit
43 % Say there are community events
43 % Say it's quiet
42 % Say kids play outside
37 % Say there's wildlife
Sourced by Trulia users. Learn more about our methodology.
Market trends in Venice
Last updated July 2026
Avg. sale price
$1.94M
$83.5KMoM
Sale-to-List Price
97.3%
0.5%MoM
Price per sq ft
$1.14K
$82MoM
Available listings
226
5MoM
Home Value
Trulia Estimate
$2.77MSince last month
Increased$82K (+3.1%)Since last year
Increased$846K (+43.9%)Since last sale
Increased$761K (+37.8%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +16% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $2.77M |
| July 2026 | $2.69M |
| June 2026 | $2.85M |
| May 2026 | $2.86M |
| April 2026 | $2.86M |
| March 2026 | $2.98M |
| February 2026 | $3.18M |
| January 2026 | $2M |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.09 | Multi-Family Home | $1,730,000 | 07/16/26 | 6 | 4 | 2,334 | |
0.04 | Multi-Family Home | $2,450,000 | 02/27/26 | 6 | 6 | 3,749 | |
0.34 | Multi-Family Home | $1,950,000 | 06/18/26 | 8 | 4 | 2,728 | |
0.35 | Multi-Family Home | $2,115,000 | 07/24/26 | 6 | 5 | 3,556 | |
0.18 | Multi-Family Home | $2,200,000 | 07/30/26 | 4 | 4 | 2,436 | |
0.47 | Multi-Family Home | $2,340,000 | 07/07/26 | 7 | 5 | 3,379 | |
0.51 | Multi-Family Home | $2,220,000 | 06/01/26 | 6 | 5 | 2,985 | |
0.51 | Multi-Family Home | $2,225,000 | 05/19/26 | 8 | 8 | 3,360 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.04 | $2,450,000 | 6 | 6 | 3,749 | Recently Sold | |
0.04 | $1,676,900 | 4 | 2 | 1,704 | Off Market | |
0.05 | $4,891,000 | 8 | 10 | 5,603 | Off Market | |
0.05 | $2,100,000 | 3 | 3.5 | 3,275 | For Sale | |
0.07 | $1,637,500 | 3 | 3 | 1,848 | Recently Sold | |
0.03 | $2,807,600 | 14 | 9 | 5,608 | Off Market | |
0.08 | $1,899,200 | 3 | 3.5 | 1,970 | Off Market | |
0.04 | $2,156,700 | 3 | 2 | 1,918 | Off Market | |
0.05 | $5,282,000 | 4 | 3 | 5,299 | Off Market | |
0.10 | $3,750,000 | 6 | 5 | 5,306 | Foreclosure | |
0.07 | $1,767,900 | 8 | 4 | 3,192 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jul 13, 2026 Source: CRMLS #SB26039701 | PriceChange | $2,850,000 Price increased by 63,233% |
May 16, 2026 Source: Zillow Rentals | Listed For Rent | $4,500 |
Apr 13, 2026 Source: CRMLS #SB26039732 | PriceChange | $3,000,000 Price decreased by 3% |
Mar 13, 2026 Source: CRMLS #SB26039701 | PriceChange | $3,100,000 Price decreased by 2% |
Feb 23, 2026 Source: CRMLS #SB26039732 | Listed For Sale | $3,150,000 |
Dec 4, 2024 Source: CRMLS #SB24202217 | Sold | $2,012,500 |
Oct 10, 2024 Source: CRMLS #SB24202217 | Pending | $1,750,000 |
Sep 30, 2024 Source: CRMLS #SB24202217 | Listed For Sale | $1,750,000 |
Oct 7, 2011 Source: N/A | Sold | $1,050,000 |
Jul 2, 1999 Source: N/A | Sold | $337,000 |
Jul 26, 1996 Source: N/A | Sold | $215,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2026 | Unavailable | $2,052,750 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Brett Lyon, Lyon Stahl Investment Real Estate, Inc.
Agent Phone: (310) 780-1899

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. as of 2026-08-19 15:55:52 PDT 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
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-08-19 15:55:52 PDT 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
Similar Homes You May Like
New Listings near 616 Sunset Ave
Frequently asked questions about 616 Sunset Ave
- What is the estimated monthly payment for 616 Sunset Ave?Based on a $2,850,000 list price with 20% down at today's rates, the estimated monthly payment for 616 Sunset Ave in Venice, CA is approximately $17,621 (about $14,743 principal & interest, $2,803 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 616 Sunset Ave compare to homes in Venice?616 Sunset Ave in Venice, CA is listed at $2,850,000, about 47% above the $1.94M median sale price in Venice.
- What do residents say about Venice?Residents describe Venice, CA as dog-friendly, walkable to restaurants, and pedestrian-friendly. See homes for sale in Venice, CA.
- What are the closest schools to 616 Sunset Ave?The closest schools to 616 Sunset Ave in Venice, CA are Broadway Elementary School (rated 9/10), Mark Twain Middle School and World Languages Magnet (rated 8/10), Venice Senior High School (rated 8/10).
- Does 616 Sunset Ave have air conditioning?Yes, 616 Sunset Ave in Venice, CA has air conditioning.
- Does 616 Sunset Ave have laundry facilities?Yes, 616 Sunset Ave in Venice, CA has laundry facilities.

