USACAVenice51 Thornton Ave
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$2,495,000

For Sale

5 days ago

51 Thornton Ave, Venice, CA

MLS® 26656335

8 Bed

8 Bath

3360 sqft

4 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 3360 sqft
Garage Yes
HOA Fees 
Taxes 
Days Active 4
Approx. Age 1956
Avg. Price Per Sqft $742
MLS® Number 26656335

Property Address: 51 Thornton Ave, Venice, CA, 90291-2549

Average square foot calculated using Size range provided by listing agent.

Description

A rare value-add opportunity in the very heart of Venice, just two short blocks from the sand. Positioned on a 5, 749 SF corner lot, this fully occupied 8-unit multifamily property offers immediate income with compelling long-term upside in one of Southern California's most iconic coastal neighborhoods. The 3, 360 SF building features an ideal unit mix of four 1-bedroom residences and four studio units, appealing to Venice's strong and diverse rental market. Recent improvements include a newly redone balcony to satisfy SB271 plus upgrading electrical sub-panels in the works. Two two-car garages, along with additional on-site parking, provide a valuable amenity rarely found this close to the beach. The garages present potential for ADU conversion (buyer to verify), offering a clear path to increased density and revenue. With upside potential in rents, this property stands as a compelling value-add investment. Unmatched in location, the property is just blocks from Venice Beach, the Boardwalk, Main Street, Rose Avenue, and Abbot Kinney, placing tenants at the center of Venice's celebrated lifestyle, dining, and culture. This is a distinctive opportunity to acquire a stabilized, income-producing asset with future growth potential in one of Los Angeles' most coveted coastal enclaves.
MLS® Number26656335
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelNone
Exposure
Exterior
GarageYes
Approx. Age1956
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 26, 2026List Date
$2,495,000List Price
  • Commute

Commute

Starting Address
Destination Address
51 Thornton Ave, Venice, CA

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