615 Sunset Ave offers a rare dual-appeal opportunity in Venice: a 3-bedroom + den, 3-bath owner-user residence paired with three income-producing loft-style rental units on a single parcel. This four unit property is located in a prime Venice location west of Lincoln Blvd. and just south of Rose Ave. The building is a few blocks from all of the shops and restaurants on the world famous Abbott Kinney Blvd.
All of the units are currently occupied including the front house and are generating a strong rental income of approximately $186,036 a year . The total SF of the building is approximately 3,749 SF and it sits on a single parcel lot that is approximately 5,801 SF. The property received significant renovations back in 1992. There are garages at the read of the property providing at least 3 parking spaces.
The property delivers the coastal lifestyle sought by owner-occupants while providing institutional-quality cash flow and long-term appreciation for multifamily investors in one of Los Angeles’ most highly desired markets.