Movoto Real Estate
Sold on 12/04/2024
  • Map Image
  • Map Image
  • Map Image

616 Sunset Ave, Venice, CA 90291

$2,551,000

Last sold 12/04/2024 for $2.01M

  • —

    bed

  • —

    bath

Multi-family not for sale

About 616 Sunset Ave

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Lot size 4,802 Sqft
Movoto estimate
Rental estimate
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.
Listed by
Listing Agent - Brett Lyon
Listing Agent Contact: 3107801899
Listing Office - Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS mls logo
MLS#SB24202217 • last updated 1 year ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Type Residential Income
SubType Quadruplex
Status Closed
Lot Size (Acres) 0.1102
Lot Size (SqFt) 4802
Year Built 1960
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 3224
Parking Concrete
# Uncovered Spaces 7
# Parking Spaces 7
Lot Description 2-5 Units/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Biking
Zoning LARD1.5
Directions Corner Of E Sunset Ave And Sunset Ct
APN 4240013007
Multifamily Details
Vacancy Allowance 4311
Operating Expense 34407
Cap Rate 6
Expense: Insurance 4030
Total Expenses 34407
Expense: Maintenance 4311
Gross Income 143688
Gross Operating Income 139377
Gross Multiplier 12.18
Gross Scheduled Income 143688
Expense: Gardener 1200
$2.55M
Range: $2.24M-$2.85M
Last 30 days 
Rental est.: $1,767/month
Gross rent multiplier: 94.9
  • Jul 2026
    mls logo MLS # SB26039701
  • Jul 13, 2026 Price Change
    $2,850,000 (-5.0%)
  • Apr 13, 2026 Price Change
    $3,000,000 (-3.2%)
  • Mar 13, 2026 Price Change
    $3,100,000 (-1.6%)
  • Feb 23, 2026 Listed
    $3,150,000 (+56.5%)
  • Feb 2026
    mls logo MLS # SB26039732
  • Feb 23, 2026 Listed
    $3,150,000
  • Dec 2024
    mls logo MLS # SB24202217
  • Dec 6, 2024 Sold
    $2,012,500 (+15.0%)
  • Oct 10, 2024 Pending
    —
  • Sep 30, 2024 Listed
    $1,750,000 (+66.7%)
  • Aug 2011
    mls logo MLS # 11544867
  • Aug 1, 2011 Listed
    $1,050,000
  • Year Property taxes Tax assessment
  • 2024
    $15,985 +1.9%
    $1,292,991
  • 2023
    $15,681 +4.8%
    $1,292,991 +4.04%
  • 2022
    $14,959 +1.3%
    $1,242,784 +2.0%
  • 2021
    $14,766 -1.0%
    $1,218,416 +1.04%
  • 2020
    $14,916 +4.8%
    $1,205,923 +2.0%
  • 2018
    $14,235 +2.2%
    $1,182,279 +4.04%
  • 2017
    $13,929 +2.4%
    $1,136,372 +2.0%
  • 2016
    $13,602 +1.5%
    $1,114,091
  • 2015
    $13,404
    —
  • 616 Sunset Ave
    $2.01M
  • Venice
    $2.49M +8% y/y
  • 90291
    $2.7M +8% y/y
  • Venice
    $2.7M +8% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
10/10
7/10
Source: GreatSchools.org © 2026. All rights reserved.

Around Venice

Explore everything this neighborhood has to offer.
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby recently sold homes in Venice, CA

Nearby homes for sale in Venice, CA

Newest listings in 90291

  • Real Estate
  • CA
  • Los Angeles County
  • Venice
  • 90291
  • 616 Sunset Ave
Meet with a real estate agent today (844) 430-0869
The multiple listing information is provided by CRMLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/3/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.