Venice Homes with Quadruplex Subtype

Venice Homes with Quadruplex Subtype

Welcome to the enchanting city of Venice, California—a vibrant coastal gem nestled in Los Angeles County. Known for its iconic canals, stunning beaches, and eclectic atmosphere, Venice boasts a unique blend of artistic flair and laid-back California charm. Whether you're strolling along the famous Venice Boardwalk, exploring the local boutiques, or indulging in delectable cuisine at trendy eateries, this lively neighborhood offers something for everyone.

One of the most appealing aspects of Venice is its diverse real estate landscape, particularly the availability of quadruplex homes. These unique properties present an exceptional opportunity for both investors and homeowners alike. A quadruplex, which consists of four separate living units, allows for a multifamily living experience while also providing a steady stream of rental income. Imagine owning a piece of Venice where you can live in one unit and rent out the others, or simply invest in a property that capitalizes on the high demand for rental spaces in this sought-after area.

Venice is not just a place to live; it's a lifestyle. With its rich cultural scene, outdoor activities, and vibrant community events, residents enjoy a dynamic environment that is constantly buzzing with energy. From the stunning sunsets over the Pacific Ocean to the artistic murals that adorn the streets, Venice is a place that inspires creativity and connection.

Explore the possibilities of quadruplex living in Venice, where your real estate dreams can become a reality in one of California’s most beloved coastal communities. Discover the charm, excitement, and potential that await you in this remarkable city!

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.