Date
Details
Price
Change
Source
2/25/2026
Listed
$2,495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property 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.
Full Property Details
Full Property Details for 51 Thornton Ave
General
- Price: $2,495,000
- Status: Active
- Type: Multi-Family
- Source: CLAW
- MLS ID: 26656335
- Updated: 2/26/2026
- Added to Site: 1 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
- Spa Description: None
- Other Features: None
Parking
- Garage: Yes
- Garage Spaces: 4
- Garage Description: Detached, Garage - 4+ Car
Location
- Area: Venice
- County: Los Angeles
- Driving Directions: South of Rose Ave., North of Brooks Ave.
School Information
- School District: Los Angeles Unified
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Utilities
- Sewer: In Street
- Water: Public
Structural Information
- # Buildings: 1
- Architectural Style: Other
- Roof: Composition
- Stories/Levels: 2
- Square Feet: 3,360
- Sq. Ft. Source: Assessor
- Year Built: 1956
- Year Built Source: Assessor
Unit Information
- Units in Complex: 8
- Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Unit 1
- Total Bathrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 1
Unit 5
- Total Bathrooms: 1
Unit 6
- Total Bathrooms: 1
- Bedrooms: 1
Unit 7
- Total Bathrooms: 1
- Bedrooms: 1
Unit 8
- Total Bathrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.132
- Lot Size: 5749
- Lot Size Source: Assessor
- Alley: Yes
- Zoning: LARD1.5
- Lot Description: Front Yard
Financial Considerations
- Price Per Sq. Ft.: $742.56
- Assessment Year: 1956
- Owner Pays: Water, Gardener, Electricity
Disclosures and Reports
- Disclosures/Reports: Rent Control
- APN: 4286-023-026
Listed by Compass, Ashley Sackerman
We Value Your Privacy
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Listing agent
— 51 Thornton Ave —
Ashley Sackerman
Compass
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 51 Thornton Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Westminster Avenue Elementary School 1010 Abbott Kinney Blvd., Los Angeles, CA 90291 | K-5 | 0.3 mi |
Mark Twain Middle School and World Languages Magnet 2224 Walgrove Avenue, Los Angeles, CA 90066 | 6-8 | 1.9 mi |
Venice Senior High School 13000 Venice Boulevard, Los Angeles, CA 90066 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 51 Thornton Ave
Tax History
Tax History for 51 Thornton Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,397
3%
$202,828
4%
2023
$3,293
108%
$195,017
2%
2022
$1,581
-49%
$191,226
2%
2021
$3,127
-1%
$187,508
1%
2020
$3,158
3%
$185,603
3%
2019
$3,068
4%
$180,396
2%
2018
$2,959
3%
$176,860
2%
2017
$2,867
3%
$173,393
2%
2016
$2,774
1%
$169,994
2%
2015
$2,744
-2%
$167,441
2%
2014
$2,809
1%
$164,162
—
2013
$2,793
—
$163,421
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 51 Thornton Ave
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Listed by Stephen Udoff (CalRE#: 01870835) (310) 701-6848 and Alyssa Higgins (CalRE#: 02245733) (310) 909-4488
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51 Thornton Ave, Venice, CA 90291 (MLS# 26656335) is a Multi-Family property with units containing 8 bedrooms and 0 full bathrooms. 51 Thornton Ave is currently listed for $2,495,000 and was received on February 25, 2026. Want to learn more about 51 Thornton Ave? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles Southwest? You can browse all Los Angeles Southwest real estate or contact a Coldwell Banker agent to request more information.