858-525-5007

559 Sunset, Venice CA 90291 | $5,200,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 11273 Lot Sq Ft
  • Type:
  • Stories: 0
  • Year Built: 1964
  • MLS#: 25619381
  • Community: C11 - Venice

Listing provided courtesy of Taylor Avakian of Lyon Stahl Investment Real Estate, Inc.. Last updated 2026-04-17 08:11:36.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.26 Acres

David Piper​

Call or Text: 858-525-5007

DRE# 02021985