Venice Homes with Quadruplex Subtype

Venice Homes with Quadruplex Subtype

Welcome to Venice, California—a vibrant coastal gem nestled in Los Angeles County, where sun-kissed beaches meet artistic flair and a lively community spirit. Known for its iconic boardwalk, colorful murals, and eclectic atmosphere, Venice is a haven for those seeking a unique lifestyle that blends relaxation with creativity. Stroll along the sandy shores, indulge in local eateries, or explore the bustling shops that line the streets. The area is rich in culture, offering everything from street performers to artisanal markets, making it a perfect spot for families, young professionals, and retirees alike.

In this charming neighborhood, you’ll find an exciting opportunity in the form of quadruplex homes. These multi-family residences are not only a smart investment but also provide the chance to enjoy the Venice lifestyle while generating rental income. With four distinct units, quadruplexes offer versatility—whether you’re looking to house extended family, create a vacation rental business, or simply maximize your investment potential.

Venice's real estate market is thriving, and quadruplexes are increasingly sought after for their unique combination of space and income potential. Imagine living in one unit while renting out the others, all within a stone's throw of the beach and vibrant community life.

Embrace the Venice lifestyle today and explore the fantastic quadruplex opportunities available in this dynamic coastal city. Your dream home and investment await!

Newest Venice 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.