CA > Venice
Venice, CA 90291,559 Sunset Ave
Venice, CA 90291,559 Sunset Ave
Venice, CA 90291,559 Sunset Ave
15
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$5,950,000
Est. payment /mo
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26 Beds
14 Baths
10,651 SqFt
Price Dropped by $150K

559 Sunset Ave Venice, CA 90291

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Michelle Tang

Michelle Tang

+1(702) 875-6424

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,651 sqft

Price per Sqft $558

MLS Listing ID 25619381

Bedrooms 26

Year Built 1964

Lot Size 0.259 Acres

Acres 0.2588

Property Sub-Type Multi-Family

Property Description

559 Sunset Ave, Venice, CA 90291 is a prime coastal multifamily asset featuring fourteen units, including five units delivered vacant at close, offering immediate cash flow and substantial rent growth potential. Positioned on an expansive 11,278 SF RD1.5-zoned double lot, the property provides long-term upside through RTI plans for three ADUs and the ability to further enhance value with strategic renovation and modernization. Current rents are well below market, with pro forma projections showing meaningful income growth as units are upgraded and stabilized, driven by Venice's premium rental demand and limited supply. The property is just minutes from Abbot Kinney, Lincoln Blvd, the beach, and major Silicon Beach employment hubs, with walkable access to neighborhood dining, shopping, and recreation. With strong tenant demand, exceptional fundamentals, and multiple value-add pathways, 559 Sunset Ave offers an outstanding opportunity in one of Los Angeles' most desirable coastal submarkets.

Location

State CA

County Los Angeles

Area Venice

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall Electric

Cooling Air Conditioning

Flooring Wood Laminate

Equipment Dryer, Washer

Exterior

Parking Features Carport

Garage Spaces 17.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

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559 Sunset Ave