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Back 51 Thornton Avenue
Off Market

51 Thornton Avenue

Los Angeles CA 90291

8
8
4
3360 sq. ft.
5749 sq. ft.
Other
Last sold for $2,225,000
Ashley SackermanAshley Sackerman, last sold this property on 19 May 2026 after 81 days on market.

Overview

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.

Features

8 bedrooms
8 bathrooms
4 carspaces
4 garage spaces
3360 sq. ft. floor area
5749 sq. ft. lot size
Other

Estimated Value

We need at least 3 similar 8 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 51 Thornton Avenue

2026
Sold
$2,225,000
19 May 2026 by Ashley Sackerman, of Compass

Happy sellers in Los Angeles

52%
52% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Los Angeles over the last 12 months.

Local market activity for 8 bedroom other properties in Los Angeles

In the last 12 months, 1 eight-bedroom other similar to 51 Thornton Avenue, have been sold.

This represents a 34% increase in eight-bedroom other properties sales when compared to the previous 12 months.

Nearby agents

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Adam Seid

Adam Seid is a recommended agent for Los Angeles.  They have 6 local sales and collected 1 local review across the last 12 months.

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