- 3 Beds
- 2 Baths
- 10,651 Sqft
- .26 Acres
559 Sunset Avenue
559 Sunset Ave | 14-Unit Coastal Multifamily with ADU Potential in Venice. Built in 1964, this well-located Venice multifamily asset totals approximately 10,651 SF on an 11,278 SF RD1.5-zoned lot and features a strong unit mix of (12) 2-bed / 1-bath units and (2) 1-bed / 1-bath units, with three RTI ADUs currently in plan check. The property will be delivered with five units vacant at close, allowing a new owner to immediately execute a renovation and lease-up strategy while capturing substantial rent growth. Current rents average approximately $2,489/month, while projected market rents are estimated at roughly $3,857/month, offering meaningful upside in one of Los Angeles' most desirable coastal rental markets. Offered at $5,200,000 ($371K/unit | $488.22/SF) with a 5.22% in-place cap rate and 12.44 GRM, the investment presents strong income growth potential as units are upgraded and rents stabilize.
Essential Information
- MLS® #25619381
- Price$5,200,000
- Bedrooms3
- Bathrooms2.00
- Square Footage10,651
- Acres0.26
- Year Built1964
- TypeResidential Income
- StatusActive
Community Information
- Address559 Sunset Avenue
- AreaC11 - Venice
- CityVenice
- CountyLos Angeles
- Zip Code90291
Amenities
- Parking Spaces17
- ParkingCarport
- GaragesCarport
Interior
- AppliancesDryer, Washer
- StoriesMulti/Split
Additional Information
- Date ListedNovember 3rd, 2025
- Days on Market158
- ZoningLARD1.5
Listing Details
- AgentTaylor Avakian
Office
Lyon Stahl Investment Real Estate, Inc.
Price Change History for 559 Sunset Avenue, Venice, (MLS® #25619381)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $5,950,000 to $5,200,000 | ||
| Price Reduced from $6,100,000 to $5,950,000 |
Taylor Avakian, Lyon Stahl Investment Real Estate, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of April 10th, 2026 at 4:56am 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.