767 - 769 Sunset Ave, Los Angeles, CA 90291

Property Description

Rare Venice investment opportunity west of Lincoln! Located in the desirable Oakwood neighborhood, 767-769 Sunset Ave is a charming two-on-a-lot duplex offering two private 2-bedroom, 1-bath residences, strong in-place rental income, outdoor living spaces and future potential. Set on an approximately 5,797 sq. ft. lot, the property blends classic California bungalow character with thoughtful updates and the privacy of two separately situated homes. The front residence is filled with charm and character, featuring hardwood floors, abundant natural light, EV charging capability, a welcoming front porch and mature landscaping. A long gated driveway provides off-street parking and leads to a detached 2-car garage. The unit also enjoys its own front yard and private rear patio area. Privately positioned toward the rear of the property, the second residence has been updated with hardwood flooring, a newer kitchen featuring contemporary cabinetry, stone-style countertops and stainless-steel finishes, plus an updated bathroom with a tiled walk-in shower. The residence offers its own private entrance and outdoor spaces, including a tranquil garden setting with pond/water feature and a separate backyard. A detached converted garage/flex space provides additional functionality for a home office, studio, fitness area or other ancillary use. Buyer to verify permits and allowable use. Both residences include HVAC and are currently leased at strong in-place rents totaling approximately $8,999 per month / $107,988 annually, offering immediate income for an investor. Tenants pay applicable utilities, with water/sewer paid by the owner per seller-provided information. The approximately 5,797 sq. ft. parcel is zoned LARD1.5, adding another dimension of potential for buyers interested in exploring future renovation, expansion or redevelopment, subject to City of Los Angeles, Coastal Zone and other applicable requirements. Buyer to independently verify zoning, permits, development potential and allowable uses. Enjoy a prime Venice location convenient to Abbot Kinney Blvd, Rose Ave, Main Street, Venice Beach, the Venice Canals and Marina del Rey, with an outstanding collection of restaurants, cafs, shopping and recreation nearby. Whether held as an income-producing property, improved over time or evaluated for future development possibilities, this distinctive Venice duplex offers an appealing combination of location, income, privacy and long-term potential.