559 Sunset Avenue, Venice, CA 90291

Venice
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
559 Sunset Avenue,Venice, CA 90291
$5,200,000
  • 26 Beds
  • 14 Baths
  • 10,651 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian
Office: lyon stahl investment real estate, inc.
MLS#:25619381
Source:CRMLS

Price summary

  • Price:$5,200,000
  • Price per sq. ft.:$488.22

About this home

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.

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Home facts

  • Year built:1964
  • Listing ID #:25619381
  • Added:140 day(s) ago
  • Updated:April 05, 2026 at 10:31 AM

Rooms and interior

  • Bedrooms:26
  • Total bathrooms:14
  • Living area:10,651 sq. ft.

Structure and exterior

  • Year built:1964
  • Building area:10,651 sq. ft.
  • Lot area:0.26 Acres

Finances and disclosures

  • Price:$5,200,000
  • Price per sq. ft.:$488.22

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:17
  • Parking description:Carport
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