Description
Rare Venice investment opportunity west of Lincoln and in close proximity to world-famous Venice Beach! 767-769 Sunset Ave is a charming two-on-a-lot duplex offering two private 2-bedroom, 1-bath residences, strong in-place rental income, outdoor living spaces and future potential. Set on an approximately 5,797 sq. ft. lot, the property features two distinct residences with their own character, privacy and outdoor areas. The front residence, with permit history dating to 1941, showcases classic traditional character representative of many Venice homes with architectural influences that carried into the post-war and mid-century era, featuring hardwood floors, abundant natural light, EV charging capability, a welcoming front porch and mature landscaping. A long gated driveway provides off-street parking and leads to a detached 2-car garage. The residence also enjoys its own front yard and private rear patio area. Privately positioned toward the rear of the property, the second residence reflects classic California bungalow character, has been updated with hardwood flooring, a newer kitchen featuring contemporary cabinetry, stone-style countertops and stainless-steel finishes, plus an updated bathroom with a tiled walk-in shower. The residence offers its own private entrance, an exterior laundry area and outdoor spaces, including a tranquil garden setting with a pond/water feature and a separate backyard. A detached converted garage/flex space provides additional functionality for a home office, studio, fitness area or other ancillary use. Buyer to verify permits and allowable use. Both residences include HVAC and are currently leased at strong in-place rents totaling approximately $8,999 per month / $107,988 annually, offering immediate income for an investor. Tenants pay applicable utilities, with water/sewer paid by the owner per seller-provided information. The parcel is zoned LARD1.5, adding another dimension of potential for buyers interested in exploring future renovation, expansion or redevelopment, subject to City of Los Angeles, Coastal Zone and other applicable requirements. Buyer to independently verify zoning, permits, development potential and allowable uses. Enjoy an exceptional location in Venice's Oakwood neighborhood, convenient to Abbot Kinney Blvd, Rose Ave, Main Street, the Venice Canals and Marina del Rey, with an outstanding collection of restaurants, cafes, shopping and recreation nearby. Whether held as an income-producing property, improved over time or evaluated for future development possibilities, this distinctive Venice duplex offers an appealing combination of location, income, privacy and long-term potential.
Details
| MLS # | 26987857 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1941 |
| Days On Site | 12 |
| Listing Provided By | Pacific Properties Realty Group | Johan Cisneros |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 |
| SQ Feet | 1,425 |
| Garage | 3 |
| Story(s) | 1 |
| Units | 2 |
| Building(s) | 2 |
| Zoning | LARD1.5 |
| Acreage | 0.13 |
Interior
| Heating | Central |
|---|---|
| Heating Yes / No | Yes |
| Appliances | Oven, Range, Refrigerator, Dryer, Washer |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Stucco |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Venice |
| Zip Code | 90291 |
| Area | C11 Venice |
| Listing VS Median (in 90291) | |
Price: $2,200,000 low | high Med: $1,862,500 sqft: 1,425 low | high Med: 1,272 $ / sqft: $1,544 low | high Med: $1,616 On site: 12 low | high Med: 101 | |
Market Activity 90291
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Venice |
| Zip Code | 90291 |
| Area | C11 Venice |
| Listing VS Median (in 90291) | |
Price: $2,200,000 low | high Med: $1,862,500 sqft: 1,425 low | high Med: 1,272 $ / sqft: $1,544 low | high Med: $1,616 On site: 12 low | high Med: 101 | |
