Venice Homes with Quadruplex Subtype

Venice Homes with Quadruplex Subtype

Welcome to Venice, California – a vibrant coastal gem nestled in Los Angeles County that perfectly blends artistic flair with laid-back beach living. Known for its bohemian spirit, Venice boasts stunning ocean views, picturesque canals, and a lively boardwalk that attracts locals and tourists alike. With a rich history dating back to the early 20th century, this eclectic neighborhood has evolved into a cultural hotspot, featuring an array of trendy boutiques, gourmet eateries, and renowned street art that reflects the city's creative energy.

One of the most exciting real estate opportunities in Venice is the availability of homes with a quadruplex subtype. These unique properties offer a fantastic investment potential, allowing homeowners to enjoy the benefits of multi-family living while experiencing the charm of this sought-after area. Quadruplex homes typically consist of four separate units, providing flexibility for rental income or accommodating extended family. Imagine living just moments away from the beach, while also having the option to generate passive income from your property.

Living in a quadruplex in Venice not only means embracing a vibrant community but also enjoying the convenience of nearby amenities. From the iconic Venice Beach to the tranquil canals, outdoor enthusiasts will find plenty of opportunities for recreation, including biking, surfing, and sunbathing. The neighborhood's diverse culture and artistic vibe make it a perfect place for those who appreciate creativity and innovation.

Whether you're looking for a primary residence or an investment opportunity, Venice's quadruplex homes present a compelling choice in a city that truly has it all. Come experience the magic of Venice and discover your dream home today!

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.