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$2,225,000

  • Sold
  • Closed
  • Multi-Family
  • 8 Total Beds
  • 4 Car Garage
  • Updated 11 days ago
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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 for 51 Thornton Ave

General

  • Sold For: $2,225,000
  • Status: Closed
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26656335
  • Added to Site: 95 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 and Sold by Compass, Ashley Sackerman and Compass, Stephanie Younger

Listing agents

— 51 Thornton Ave —

  • Ashley Sackerman

    Compass

  • Stephanie Younger

    Compass

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 51 Thornton Ave

School District:Los Angeles Unified School District
NameGradesDistance
Westminster Avenue Elementary School
1010 Abbott Kinney Blvd., Los Angeles, CA 90291
K-50.3 mi
Mark Twain Middle School and World Languages Magnet
2224 Walgrove Avenue, Los Angeles, CA 90066
6-81.9 mi
Venice Senior High School
13000 Venice Boulevard, Los Angeles, CA 90066
9-121.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 51 Thornton Ave

Date
Details
Price
Change
Source
5/19/2026
Sold
$2,225,000
-10.82%
MLS
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.

Listed and Sold by Compass, Ashley Sackerman and Compass, Stephanie Younger

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51 Thornton Ave, Venice, CA 90291 (MLS# 26656335) is a Multi-Family property that was sold at $2,225,000 on May 19, 2026. Want to learn more about 51 Thornton Ave? Do you have questions about finding other Multi-Family real estate for sale in Venice? You can browse all Venice real estate or contact a Coldwell Banker agent to request more information.