Venice Homes with Quadruplex Subtype

Venice Homes with Quadruplex Subtype

Welcome to Venice, a vibrant beachfront neighborhood located in the heart of Los Angeles, California. Known for its bohemian spirit, artistic community, and iconic Venice Beach Boardwalk, this eclectic city offers a unique blend of culture, entertainment, and natural beauty.

Venice is a dynamic city that seamlessly combines laid-back beach vibes with a bustling urban atmosphere. Residents and visitors alike can enjoy a wide range of activities, from surfing and sunbathing on the beach to exploring the trendy shops, restaurants, and galleries along Abbot Kinney Boulevard.

If you're looking to invest in real estate in Venice, homes with the Quadruplex subtype offer a fantastic opportunity. Quadruplex properties provide the potential for multiple rental units, making them an attractive option for investors looking to generate rental income. Whether you're interested in a fixer-upper project or a turnkey investment property, Quadruplex homes in Venice offer versatility and potential for a solid return on investment.

With its prime location, diverse community, and unique charm, Venice is a sought-after destination for those seeking a quintessential California lifestyle. Explore the real estate market in Venice today and discover the perfect Quadruplex property to call home or add to your investment portfolio.

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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