$3,000,000
-$100,000616 Sunset, Venice CA 90291
Multi-Family (4 Units)
Property type
102 days
On market
$931
Price per sqft
0 cars
Garage
1960
Year built
4,802 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Brett Lyon DRE #01717818 310-706-4066, Lyon Stahl Investment Real Estate, Inc., Woody Stahl DRE #01399621 310-425-9838, Lyon Stahl Investment Real Est
Listing updated: Apr 13, 2026 at 11:56pm.
Last checked: Jun 5, 2026 at 06:01pm
Source: CRMLS #SB26039701
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $3,900 | $3,900 | $4,000 | Unfurnished |
| 1 | 2 | 1 | — | $4,000 | $4,000 | $4,000 | Unfurnished |
| 1 | 2 | 1 | — | $4,250 | $4,250 | $4,250 | Unfurnished |
| 1 | 2 | 1 | — | $4,250 | $4,250 | $4,250 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 3
Total Actual Rent: $16,400
Financial Snapshot
Gross Rent Multiplier
15.2x
List Price / Annual Gross Rent
Cap Rate
4.58%
NOI / List Price
Gross Scheduled Income: $196,800
Vacancy Allowance: $5,904
Vacancy Allowance Rate: 3%
Operating Expense: $53,465
Net Operating Income: $137,431
Annual Operating Expenses
Electric: $0
Gardener: $1,200
Fuel: $0
Insurance: $4,836
Maintenance: $7,872
New Taxes: $36,157
Trash: $0
Water / Sewer: $0
Other Expense: $3,400
Interior
Appliances: Dryer, Washer
Laundry: Stacked, Dryer Included, Washer Included
Entry Location: Front Gate
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Two To Five Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Driveway
Garage Spaces: 0
Uncovered Spaces: 7
Parking Total: 7
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 4240013007
Additional Parcels: No
Tax Lot: 1
Tax Block: I
Community
Senior Community: No
Community Features: Biking
Nearby Schools
Nearby schools around the 616 Sunset, Venice, CA 90291. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,400,000
Total Interest
$3,061,068
Total Payment
$5,461,068
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$18,445
per month
Property History for 616 Sunset
Venice Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90291.
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