Back to Search
559 Sunset Ave
For Sale $5,950,000 ($558.63 per Sq Ft)
$5,950,000 ($558.63 per Sq Ft)
- 14 Units
- 10,651 Sq Ft
- 11,273 Sq Ft
- Unknown Cap Rate
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $5,950,000 |
| Property Type | Multi-Family |
| Usable Sqft | 10,651 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1964 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4240010035 |
| MLS # | 25619381 |
| Property ID | 32327 |
| Lot Sqft | 11,273 |
| Zoning | LARD1.5 |
| Total Units | 14 |
| Days on Market | 86 |
| Original List Price | $6,100,000 |
| Date Updated | January 25, 2026 |
| Date Created | November 03, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $2,866 | $54,000 |
| Unit #2 | 1 | 1.00 | $1,474 | $6,000 |
| Gross Income (Yr) | $ 425,699 |
| Operating Expenses | $ 136,399 |
| Net Income (Yr) | $ 289,300 |
| Cap Rate | 4.86% |
Listing Provided By
Taylor Avakian an agent of . Lic #02060040
© 2026 CARETS and TheMLS. All rights reserved. Based on information from CARETS as of January 25, 2026 The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Contact Agent
Schedule Appointment
Showing Agent
Loading agent...
- 30 mins
- America/Phoenix
Sun
Mon
Tue
Wed
Thu
Fri
Sat
Robert Crawford
REAL ESTATE AGENT