51 Sunset Ave, Venice, CA 90291

Feb 8

Written By Jake Glaser

Venice Beach Walk Street Triplex | 100% Vacant Trophy Asset

Download Offering Memorandum

$2,495,000

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$858.57/SF (Total)

100% Vacant

5.51% Cap Rate

13.68 GRM

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

The Opportunity

The Glaser Group and the Altman Brothers are pleased to present an Iconic Venice Beach Walk-Street triplex offering just steps from the sand, Rose Avenue, and Abbot Kinney Boulevard. This beautifully renovated three-unit coastal compound delivers exceptional flexibility for an owner-user, investor, or live/work buyer seeking a 100% vacant trophy asset in one of Venice’s most coveted locations.

Per public records, the property is a legal duplex, however it is currently configured and utilized as a triplex, with three distinct living spaces, each featuring thoughtful modern upgrades, private outdoor areas, in-unit washer/dryer, and air conditioning. Unit A is a spacious 2-bedroom / 2-bath occupying the front of the bottom level, and includes a renovated basement. Unit B upstairs is a bright and spacious 3-bedroom / 1-bath residence occupying the entire upper level, with plenty of natural light and modern finishes. Unit B also has a RSO Luxury Exemption and is not subject to local rent control restrictions. The final Unit C at the back of the ground level is a 1-bedroom / 2-bath suite, spanning two floors with a renovated basement serving as the primary bedroom.

The three units encompass approximately 2,985 total square feet when including the fully renovated basement areas, creating versatile bonus space ideal for guest suites, home offices, creative studios, or additional living areas (2,278 livable square feet per assessor).

The property is a prominent member of the original Golden Bay Tract built in 1908 by Venice founder Abbot Kinney and blends classic Victorian charm with contemporary finishes across all units. A large rear parking area provides two tandem spaces per unit (6 total), a rare and valuable amenity this close to the beach. In addition to each unit’s private balcony/patio, there is a large & lush shared front yard. All units are delivered 100% vacant, allowing immediate flexibility for owner-occupancy, short term rentals or long term leasing.

With a Walk-Score of 96, the property is just steps from the beach and surrounded by world-class dining, shopping, and culture. 51 Sunset Ave is a truly special Venice Beach asset offering prime location, versatility, and long-term upside in one of Los Angeles’ most supply-constrained coastal submarkets.