Venice, CA 90291 616 Sunset Avenue
$1,750,000
Pending
25 more
Presented By: Brett Lyon with Lyon Stahl Investment Real Estate, Inc.; 3107801899
Home Details
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.
Presented By: Brett Lyon with Lyon Stahl Investment Real Estate, Inc.; 3107801899
Interior Features for 616 Sunset Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 616 Sunset Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.0
Carport Y/NNo
CityVenice
Community FeaturesBiking
CoolingNone
CountyLos Angeles
DirectionsCorner of E Sunset Ave and Sunset Ct
Electric On Property Y/NNo
Entry Location1
Expected Active Date 2024-09-30
Garage Spaces0.0
Garage Y/NNo
Gross Income143688.0
HeatingNone
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense4030.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet4802.0
Lot Size UnitsSquareFeet
MLS AreaC11 - Venice
MaintenanceExpense4311.0
MobileHomeRemainsYNNo
Net Operating Income104970.0
New ConstructionNo
NumberOfUnitsTotal4
Open Parking Spaces7.0
Operating Expense34407.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Tax Lot1
Taxes$212,467
TermsConventional
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1960
Year Built SourceAssessor
ZoningLARD1.5
Exterior for 616 Sunset Avenue
Building Area Total3224.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.1102
Lot Size Area4802.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesConcrete
SpaNo
Total Parking7.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480