51 Sunset Ave, Venice, CA 90291

Jun 8

Written By Jake Glaser

Venice Beach Walk Street Triplex | 100% Vacant Trophy Asset

Sold: $2,220,000

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$743.72/SF (Total)

100% Vacant

6.33% Cap Rate

12.17 GRM

The Deal Story

CLOSING #18 OF THE YEAR
51 Sunset Ave, Venice, CA 90291

Sale Price: $2,220,000

Units: 3 (legally as duplex; configured as triplex)

Property Type: Walk-street victorian style triplex

Unit Mix: (1) 2BR/2BA, (1) 3BR/1BA, (1) 1BR/2BA

Buyer Type: Owner-user / investor hybrid

Seller Situation: Multi-generational family ownership; seller operated the asset as a short-term rental before deciding to reposition equity

Result: High volume of showings yielded the ideal buyer; achieved top-of-market pricing despite difficult market conditions

Special Features: 100% vacant and fully furnished at delivery; walk-street location steps from the beach, Rose Avenue, and Abbot Kinney Boulevard

Case Study Summary
This Venice Beach walk-street triplex at 51 Sunset Ave sold for $2,220,000 ($744/SF), delivered 100% vacant and fully furnished. Legally permitted as a duplex but configured and operating as three distinct units — a 2BD/2BA, a 3BR/1BA, and a 1BR/2BA — the property spans approximately 2,985 SF including fully renovated basement areas. A high volume of showings drove strong demand and ultimately yielded the ideal buyer, with the team achieving top-of-market pricing despite difficult market conditions.

The property had been in the seller's family for generations, most recently operated as a short-term rental before the seller decided to move on and reposition their equity. Our team leaned into the asset's rare combination of vacancy, full furnishings, and location. Steps from the sand, Rose Avenue, and Abbot Kinney Boulevard attracted a range of buyers who understood the property's unique flexibility from day one. Jake Glaser of Glaser Group and Andrew Tripodi of the Altman Brothers represented both sides of the transaction.

Property Highlights

Iconic Venice Beach walk-street triplex, steps from the sand
100% vacant at close, perfect or an owner-user or investor
Legal duplex per public record, currently configured as a triplex consisting of (1) 2BD/2BA, (1) 3BD/1BA, & (1) 1BD/2BA
Approximately 2,985 SF including fully renovated basement
Each unit features modern upgrades, private outdoor space, in-unit washer and dryer, and air conditioning
Property has (6) on-site parking spaces (2 tandem spaces per unit), a raree amenity close to the beach
Located in the historic Golden Bay Tract, blending the original 1908 Victorian character with modern finishes
Prime location adjacent to some of the most premier retail and dining experiences on the West side, residing on both Abbot Kinney Blvd and Rose Ave