Venice (C11) Homes with Quadruplex Subtype

Venice (C11) Homes with Quadruplex Subtype

**Discover the Charm of Venice, California: Your Ideal Home Awaits!**

Nestled along the stunning California coastline, Venice is a vibrant and eclectic neighborhood in Los Angeles County that beautifully blends beachside living with urban sophistication. Known for its iconic boardwalk, artistic spirit, and picturesque canals, Venice is a haven for those seeking a unique lifestyle. The area boasts a rich history, rooted in the early 20th-century vision of developer Abbot Kinney, who sought to create a seaside resort reminiscent of Venice, Italy. Today, it remains a cultural hotspot, filled with trendy boutiques, art galleries, and a diverse dining scene that caters to every palate.

For those considering a home in this enchanting area, the quadruplex subtype offers an exceptional investment opportunity. Quadruplexes in Venice provide the perfect balance of residential comfort and income potential. Imagine living in one unit while renting out the others, allowing you to enjoy the vibrant Venice lifestyle while offsetting your mortgage. These properties often feature spacious layouts, modern amenities, and charming outdoor spaces, making them ideal for families, young professionals, or investors looking to capitalize on the high demand for rental properties in this sought-after locale.

With the beach just a stone's throw away, picturesque sunsets, and a lively community atmosphere, owning a quadruplex in Venice not only provides a place to call home but also a chance to immerse yourself in the unique allure of Southern California living. Explore the possibilities and make your dream of Venice living a reality!

Newest Venice (C11) Homes with Quadruplex Subtype

$2,850,000
8 Beds 4 Baths SB26039732 MLS Active Status
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.

616 Sunset, Venice

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.