- 4 Beds
- 8 Baths
- 3,360 Sqft
- .13 Acres
51 Thornton Avenue
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.
Essential Information
- MLS® #26656335
- Price$2,495,000
- Bedrooms4
- Bathrooms8.00
- Square Footage3,360
- Acres0.13
- Year Built1956
- TypeResidential Income
- StatusActive Under Contract
Community Information
- Address51 Thornton Avenue
- AreaC11 - Venice
- CityVenice
- CountyLos Angeles
- Zip Code90291
Amenities
- Parking Spaces4
- # of Garages4
- ViewNone
- PoolNone
Interior
- HeatingWall Furnace
- CoolingNone
- FireplacesNone
- # of Stories2
- StoriesTwo
Exterior
- Lot DescriptionFront Yard
- RoofComposition
School Information
- DistrictLos Angeles Unified
Additional Information
- Date ListedFebruary 25th, 2026
- Days on Market39
- ZoningLARD1.5
Listing Details
- AgentAshley Sackerman
- OfficeCompass
Price Change History for 51 Thornton Avenue, Venice, (MLS® #26656335)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – |
Ashley Sackerman, Compass.
Based on information from California Regional Multiple Listing Service, Inc. as of April 5th, 2026 at 7:15am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.