Venice, CA 90291,616 Sunset AVE
Venice, CA 90291,616 Sunset AVE
Venice, CA 90291,616 Sunset AVE
Venice, CA 90291,616 Sunset AVE
Venice, CA 90291,616 Sunset AVE
Venice, CA 90291,616 Sunset AVE
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$2,012,500

$1,750,000

15.0%
Est.Price: ?

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Est. payment /mo

4,800 Sqft Lot


SOLD DATE : 12/04/2024

Key Details

Sold Price $2,012,500

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24202217

Sold Date 12/04/24

HOA Y/N No

Year Built 1960

Lot Size 4,800 Sqft

Property Description

Situated in the vibrant heart of Venice, 616 Sunset Ave stands as an exceptional opportunity for an investor aiming to enhance their portfolio with a prime asset. This charming 4-unit apartment building features classic Spanish-style architecture, each unit offering 2 bedrooms and 1 bathroom. Scrupulously maintained and in great condition, these units span a total of 3,224 square feet on a 4,802 square foot lot.
The property boasts attractive walkways, and conveniently-designed plantings and shared outdoor patio space, providing tenant satisfaction with minimal maintenance required from the owner. Second-story units feature highly desirable balconies with pleasant views, complemented by west-facing windows that invite a refreshing ocean breeze.

The parking lot for 7 cars is made of low-maintenance, long lasting concrete providing ease of ownership and convenience for tenants. Its enviable location in Venice means it's just a short walk to world-class retail and dining on Rose Ave and less than a 5-minute drive to the beach.
Whether you're seeking consistent returns or looking to capitalize on the growth of the area, 616 Sunset Ave represents a compelling investment opportunity in a great location.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LARD1.5

Interior

Heating None

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Concrete

Pool None

Community Features Biking

Total Parking Spaces 7

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4240013007

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc. • 3107801899
Bought with Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
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